J Manno's (jmanno) Blog

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Real Estate Broker/Owner - Summit Realty Group, Inc.
RECENT BLOG POSTS
Daily Real Estate News  |  March 28, 2008Obama Criticizes McCain on Housing PlanSen. John McCain (R-Ariz.) has come under fire from Sen. Barack Obama (D-Ill.) for his lack of a plan for stabilizing the housing market. A day after McCain said in a speech that the government should not reward lende...
04/06/2008
  Daily Real Estate News  |  March 20, 2008Fannie, Freddie Get Cash to SpendThe Office of Federal Housing Enterprise Oversight yesterday reduced the amount of capital it requires Fannie Mae and Freddie Mac to maintain from 30 percent to 20 percent.That means the companies are being allowed to tak...
04/05/2008
Daily Real Estate News  |  March 20, 2008Practitioners Dig Up New RevenueRather than flee the real estate industry due to the housing downturn, experts say real estate practitioners should use their skills and experience to offer services outside of buying and selling homes to supplement their in...
04/04/2008
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Daily Real Estate News  |  March 26, 2008McCain Takes Hard Line on Housing HelpRepublican presidential candidate John McCain on Tuesday criticized government intervention that bails out banks and borrowers who made poor decisions."I have always been committed to the principle that it is not the d...
03/30/2008
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  Daily Real Estate News  |  March 26, 2008Cities Try to Stamp Out Home VacanciesCities all over the country are devising different ways to deal with the increasing number of abandoned homes created by foreclosures. Empty, dilapidated homes can draw crime and hurt local property values.Here's wha...
03/30/2008
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  Daily Real Estate News  |  March 26, 2008Countrywide's Former CEO Takes New JobThe former president of Countrywide Financial Corp., the nation's largest mortgage lender, is the new chairman and CEO of a company that plans to acquire and restructure distressed mortgages.Stanford Kurland will hea...
03/30/2008
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 Daily Real Estate News  |  March 26, 2008Refinancing Boosts Mortgage ApplicationsBorrowers hoping to refinance their home mortgages pushed mortgage applications up 50 percent last week, according to the Mortgage Bankers Association's weekly survey.The index rose 48.1 percent to a seasonally adju...
03/30/2008
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  Daily Real Estate News  |  March 26, 2008More Consumers Ponder Home PurchaseThe number of consumers who say they plan to buy a home in the next six months rose slightly this month to 3.3 percent from 2.9 percent, despite an overall drop in consumer confidence. According to a survey by the Confe...
03/30/2008
Daily Real Estate News  |  March 26, 2008More Consumers Ponder Home PurchaseThe number of consumers who say they plan to buy a home in the next six months rose slightly this month to 3.3 percent from 2.9 percent, despite an overall drop in consumer confidence. According to a survey by the Confere...
03/30/2008
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Daily Real Estate News  |  March 25, 2008Million Dollar Homes at Bargain PricesNow could be a great time to buy a million dollar home in a nice area at a bargain price.Forbes magazine has identified Rancho Santa Fe, Calif., Marco Island, Fla., Castle Rock, Colo., Annandale, Va., and Bergen County...
03/30/2008
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