Real estate news update: 7-07

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Where houses are best to buy
Time:
One of the most respected gauges of housing market value is the Price-to-Rent ratio, calculated by Moodys Economy.com.
High-rise or house with a yard
The New York Times: If the deciding factor is the relative cost of each, the answer is quantifiable, even if it not immediately obvious given the different tax rates and other variables.
Low rates arent helping the housing market
MSNBC: Mortgage rates have sunk to levels not seen in more than a half-century, yet brokers and lenders report not a flood but a trickle of customers.
More home sellers cut asking prices
Reuters: June marked the third month in a row that the percentage of home sellers who reduced their asking price increased from the previous month.
DC residences that offer great views – for a price
Washington Post: A home with a view doesnt come cheap. A fine view adds 20 percent to 25 percent to the homes value, and thats erring on the side of caution.
Fears grow recovery is stalling
Globe St
: Fears that the economy may be headed for a double-dip recession appear to be overblown, for the moment at least.

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