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  E-News Headlines: Builders report little confidence in the housing’s future … Business Week says some commission rates are rising … Kansas considers inspection law … Illinois considering meth lab disclosure … In wake of death, agents asked to pair up for showings … Agent, son, charged with burglarizing colleague’s listing … Carpenter union sues builder for using illegal aliens … People returning to New Orleans area … Iowa farmland prices up 18 percent in past year … Charlotte, Raleigh, best cities to buy foreclosed homes …  

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HUD offers up new RESPA
 
    Thirty years after writing an unreadable and often unenforceable law, and six years after promising to reform it, the Department of Housing and Urban Development has proposed changes to the Real Estate Settlement and Procedures Act that theoretically will make it easier for consumers to comparison shop for loans and eliminate surprise fees at the closing table. News.


FTC ignores NAR, sanctions Milwaukee MLS
     The FTC has unanimously approved a final consent order against Multiple Listing Service Inc. in Milwaukee , ruling the MLS must allow non-traditional listings, such as fee-for-service listings, to appear in its database. News.


News highlights:

Builders report little confidence in the housing’s future
     Home Builders association reports only 1 in 5 members believe the market will improve any time soon. Indicators.

People returning to New Orleans area
     The Census Bureau says St. Bernard and Orleans parishes, hit by Katrina, were the fastest growing counties in the nation in 2007. Indicators.

Iowa farmland prices up 18 percent in past year
     Land Institute says the value of Iowa farmland has gone up an estimated 18 percent in one year. Indicators.

Business Week says some commission rates are rising
     Business Week magazine reports real estate commissions in some parts of the country are as high as 8 percent. News.

Kansas considers inspection law
     Home inspectors are battling real estate agents over a proposal to make inspectors liable for botched inspections. News.

Illinois considering meth lab disclosure
     The Illinois Legislature is considering adding “methamphetamine lab” to the list of disclosures home sellers must make. News.

Agent, son, charged with burglarizing colleague’s listing
     A Florida real estate agent and his son have been charged with taking a refrigerator and stove from a colleague’s listing. News.

Carpenter union sues builder for using illegal aliens
     The New Jersey carpenter’s union has filed a lawsuit against D.K. Horton, contending the builder uses illegal alien workers. News.
 
Charlotte, Raleigh, best cities to buy foreclosed homes
     Forbes magazine has named Charlotte , N.C. , as the best place in the country to buy a foreclosed home. News.

Need a date?
     Association of Real Estate License Law Officials (ARELLO) meet in Pasadena at the end of April. For more events: Calendar.


 

 



One of the industry's most popular books for new recruits.



A blunt look at the home inspection business, it's profits and perils.

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