Summit Realty Group's Blog

  Daily Real Estate News  |  March 27, 2008Don't Forget: PMI is Deductible As April 15 tax day approaches, here is a reminder for home buyers with mortgage insurance.Home owners with adjusted gross incomes of $100,000 or less can deduct the full cost of their government or private mortgage insura...

  Daily Real Estate News  |  March 27, 200810 Fastest Growing U.S. CitiesThe fast-growing areas in the United States are in the Sunbelt, with Texas leading the way, according to data released today by the U.S. Census Bureau.Dallas-Fort Worth added more than 162,000 residents between July 2006 and...

  Daily Real Estate News  |  March 26, 2008Storm Brews Over Wind InsuranceThe battle continues to heat up between congressional members and the insurance industry. U.S. Rep. Gene Taylor (D-Miss.) has proposed that the reauthorization of the National Flood Insurance Program (NFIP) include wind cov...

  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...

  Daily Real Estate News  |  March 20, 2008Home Sellers Resort to Weird Deals Frustrated home sellers are trying an array of techniques to sell their slow-moving homes.In Colorado, J.J. Rodgers has launched an essay contest. So far, she has received more than 500 essays - accompanied by a $100 en...

  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 ...

  Daily Real Estate News  |  March 19, 2008Business Moves OnlineiHouse, which creates Web sites for real estate practitioners nationwide, last month surveyed the market.Here are some of their conclusions about the way the industry is using the Internet. About 50 percent of the respondents had mor...

  Daily Real Estate News  |  March 19, 2008Keep Selling Until Deal is DoneEven after a buyer is found and the papers are signed, there's no guarantee that the deal will close, say real estate practitioners."The risks are with the property or the buyer's credit, income, or down payment," says Kent...

  Daily Real Estate News  |  March 19, 2008Seek Property Bargains for Your IRAReal estate practitioners who are spying good deals these days and who are confident real estate isn't far from a turnaround might consider investing their Individual Retirement Account funds in property."A lot of peopl...

  Daily Real Estate News  |  March 19, 2008FBI Examining 17 LendersThe FBI is currently investigating 17 firms involved in the mortgage lending industry, bureau officials told Reuters News in an exclusive interview. The bureau had previously acknowledged it was investigating 16 firms. Officials s...