Staying Current with the Market

When rates and rules change every day, it's important to keep current with the market and how it will affect your future transactions. Below are some recent articles that explain ways to get a better loan, the affect of new appraisal rules and tips to quickly selling your home.

When Credit is Tight, Getting the Best Loan.
NEW YORK (Money) -- Just as housing prices stall, lenders are making it tougher to borrow.A recent report from the Federal Reserve shows that 15 percent of U.S. banks began tightening credit standards at the end of 2006 - the most since the early 1990s.
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New Appraisal Rules Hindering Sales
(JSOnline) When Chad Gartzke put his three-bedroom ranch home in Wauwatosa up for sale for $196,000, one of the first people to view it liked the house so much she was willing to pay $196,500 to make sure she got it.Despite a tough residential real estate market, it looked liked smooth sailing for Gartzke, who already had his eye on a bigger house in Richfield for him and his family.Then the appraisal came in.
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5 Steps to a Quick Home Sale
(Money Magazine) In a hurry to sell your home? Here's how to make sure you snag the best price in the shortest amount of time.
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