Daily Real Estate News from NAR

Avoid Misleading Clients on the Web
Don't let technology lead buyers and sellers astray. Here are a few suggestions from real estate expert Ilyce Glink to keep a Web site honest.

Electric Car Charging Stations Gain Speed
KB Homes is wiring new developments in California with charging stations to appeal to electric car-owning home buyers.

Financial Overhaul Gets Another Push
U.S. Treasury's Michael Barr says a "redoubling" of efforts to tighten financial regulations is underway, while Congress debates the role of a proposed consumer protection agency.

House Hunting Via Real Estate Apps
Real estate apps for smart phones are becoming more popular as Zillow.com reports users viewing 2 million property a month on its free app.

Lower Delinquency in Commercial Loans
Commercial and industrial loans outperformed other loans during the fourth quarter of 2009 with a delinquency rate of 4.39 percent.

Recent Uptick in Mortgage Applications
Home loan applications rose this week as refinances decline, according to the Mortgage Bankers Association's weekly survey. But purchase applications are down 10.7 percent from the same week in 2009.

Fewer Sellers Are Cutting Prices
Bidding wars are emerging on lower end properties, according to Trulia.com.

GMAC Unloads Mortgages at Auction
Real estate company has sold off $250 million in troubled mortgages and securities, and will continue to sell assets throughout the year.

Mortgage Fraud Investigations Are Climbing
Loan modification scams drove the record number of lawsuits in the fourth quarter of 2009.

Pennsylvania Adopts Sprinkler Requirement
Though supported by firefighters and insurers, home builders and the state REALTOR association oppose the first-in-the nation mandate for newly constructed homes believing it will slow the housing recovery.

Vacation Home Interest Is on the Rise
Maui, Kiawah Island, S.C., and the Hamptons top the list of desirable second-home markets, says Barron's magazine.

ZipRealty Finds Inventory Up Slightly
Supply of homes was up 4.2 percent in February compared to an average of 3.4 percent in February over the past 27 years.

Daily Real Estate News from NAR

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