Deadline Newsroom Feed 10/12/07

Compiled by Broderick Perkins
© 2007 DeadlineNews.Com

The weekly Deadline Newsroom Feed is sponsored by
STEWART TITLE GUARANTY COMPANY

Deadline Newsroom Feed – From the previous week, all the news that really hits home from DeadlineNews.Com and elsewhere.

TOP STORIES

DeadlineNews.Com's Editorial Content Is Intellectual Property - Unauthorized Use Of Intellectual Property Is A Federal Crime

Nobel Peace Prize Brings Global Warming Message Home
"What is the use of a house, if you haven't got a tolerable planet to put it on?" -- Henry David Thoreau.

California Gold To Lose Glitter In 2008
The California Association of Realtors (CAR) says the median home price in California will decline 4 percent to $553,000 next year compared with a projected median of $576,000 this year, for the first home price decline since 1996.

Go Ahead, Haggle. You Probably Won't Lose
Go ahead, haggle. If you do, chances are, you'll get a better deal. Keep that in mind when you shop for a home, where virtually all costs are negotiable.

It's A Good Time For A Home Inspection
It's a good time for a home inspection. In today's flat markets, a home inspection can give buyers a negotiating edge. Sellers, on the other hand, get an anti-haggling tool.

Housing Market Story Gets TV-MA Rating
This story is specifically designed for mature adults only. It may not be suitable for children under 17 and those masquerading as adults.

Off-The-Shelf IKEA Homes
Deadline Newsroom – IKEA is doing for Scandinavia and Northern England, what Home Depot is doing for America's Gulf Coast region -- offering affordable "kit homes" off the shelf.

A Lasting Simulated Life
Deadline Newsroom – Before there were avatars and Second Life and other sorted virtual realty realities, The Sims lived, loved and sometimes loathed in homes and communities you developed.

© 2007 DeadlineNews.Com

DeadlineNews.Com's Editorial Content Is Intellectual Property - Unauthorized Use Of Intellectual Property Is A Federal Crime

News from elsewhere...

CONSUMER

Housing Counsel: A Primer on Real Estate Taxation
This series of articles should assist the homeowner in understanding the real estate tax laws.

Subprime Mortgages Crossing Income and Credit Strata
The 2006 data include records from 8886 lenders nationwide, which generate an estimated 80% of US home mortgages.

Real Estate Slump Felt In Wealthy Areas
In particular, faced with a steady stream of negative news about the US housing market, Americans are substantially less inclined than they were
even a few...

Essential Guide To Buying Your First Home
"Special thanks to Broderick Perkins, A real estate journalist based in San Jose, CA, and founder and Executive Editor of DeadlineNews.Com, who reviewed and contributed to every chapter." -- Nolo's Essential Guide To Buying Your First Home (Nolo $24.99)

FINANCE

Home Loans to Illegal Immigrants Sturdy But Show Some Cracks
The mortgages represent a fraction of the $2.8 trillion mortgage market. But they are a bright spot in today's gloomy mortgage industry.

How the Sub-Prime Meltdown Went Global and What it Means to You
By 2005, just 37 percent of mortgages were placed in the hands of traditional depository institutions, the remaining 63 percent of home loans originated by ...

Paulson's Subprime Hedge
The consumer group argues that bankruptcy judges are allowed to reset loan values for other assets, including credit cards and vacation homes, and that such ...

Coalition to Help Avoid Foreclosures
Asked about a more aggressive response, Paulson said it was important that any efforts not harm lenders' willingness to make more home loans in the future. They sure ain't makin' any now.

Subprime: Bailout Backlash
(Most) Not everyone favors helping troubled homeowners, lenders and investors stung by the subprime crisis.

FDIC: Freeze ARMs
The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest rates on subprime adjustable-rate mortgages (ARMs) for many homeowners.

Make The Home Fit The Financing
If you can't find the financing to fit your home, buy a home to fit your financing.

Now You Can See Through Mortgages
Florida law that took effect Oct. 1 that requires greater transparency in mortgage lending.

MARKETS

More Credit To Turn Market
The National Association of Realtors says widening credit availability will help turn home sales around. However, in California, where one in 12 U.S. residents lives, the forecast is a little more downbeat.

Worst Real Estate Crisis Since Great Depression, Reports Housing Predictor
The mortgage crisis has developed into the worst real estate crisis since the Great Depression, according to the latest redone report from Housing Predictor. To remain credible the Predictor will have to develop some NEW studies.

Home Prices Plunge In First Seven Months Of 2007
Fall-off in prices is the greatest since 1991.

Fed's Kohn: Housing, Credit Woes Bode Weakness Ahead
Federal Reserve Vice Chairman Donald Kohn said on Friday moderate growth should return to the U.S. economy after a period of weakness due to a prolonged housing slump and higher borrowing costs.

DeadlineNews.Com: 'Best Repurposing Of A Realty Journalist'
"Fun, credible, astute and up to date."

TRENDS/COMMENTARY

A Lasting Simulated Life
Deadline Newsroom – Before there were avatars and Second Life and other sorted virtual realty realities, The Sims lived, loved and sometimes loathed in homes and communities you developed.

Movies That Really Hit Home
An amazing number of titles put the spotlight on homes, housing and community.

BUSINESS/COMMERCIAL REAL ESTATE

The Holidays Are Coming Fast. Is Your Housing Client, Professional or
Friend On The List? St. Joseph The Home Seller kits. Clock houses. Monopoly. House warming gifts. Come 'n' get 'em.

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Broderick Perkins, an award-winning consumer journalist of 30 years, is publisher and executive editor of San Jose, CA-based DeadlineNews.Com, a real estate news and consulting service, and the new Deadline Newsroom, DeadlineNews.Com's new backshop. In both cases, it's where all the news really hits home.

DeadlineNews.Com's Editorial Content Is Intellectual Property - Unauthorized Use Is A Federal Crime