by Matthew Rathbun on February 8, 2010
Thankfully the Coop has a pretty good webpage. This doesn’t help those without electricity unless of course your laptop is on battery and you have a wireless internet card. Non-the-less; you can visit www.MyREC.coop click on “Outage Center” to see the status of outages and how many people are affected.
If you zoom in on the marker and click on it, it’ll show you exactly how many people are affected. This has made it easy to check on the status of our own outage while at the office or staying elsewhere till the power is restored.
Since the REC phone number is usually ringing a busy tone (who has a busy signal anymore???) than you can check back here. Unfortunately, I’ve found that the events are labeled either “Acknowledged” or “Dispatched”. They don’t really give you an estimated restore time.
by Jennifer Rathbun on February 8, 2010
Daily Real Estate News | February 8, 2010
4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.
- Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.
- Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.
- Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.
- Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.
Source: McClatchy Tribune, Kate Forgach (02/07/2010)
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Daily Real Estate News | February 8, 2010
Are Interest Rates About to Rise?
Federal Reserve Bank of New York President William Dudley says the central bank will scale back its purchases of mortgage-backed securities late next month. While interest rates likely will climb when the program ceases, the extent of the rise remains to be seen.
Dudley says the Fed will act if rates spike too much. Still, analysts worry that the end of the MBA purchase program and expiration of the home-buyer tax credit, along with higher premiums and tighter underwriting of FHA mortgages, will work together to stifle home sales and price stabilization in the coming months.
Source: Inman News (02/08/10)
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Both Articles are from Daily Real Estate News, Provided by Realtor.com with Permission for Realtors to reprint.
