DeedStreet RE NewsRoll 11/26/10
Posted on November 26th, 2010 in Deedstreet News | No Comments »
BANK CLOSURES
U.S. Banks Will Close 5,000 Branches, Whitney Says
(Updates with bank branches closed in sixth paragraph, bank closings in seventh.) Nov. 22 (Bloomberg) — U.S. banks will close 5,000 branches in the next 18 months as they face profit declines from decreased loan demand and lower fee revenue, said Meredith Whitney, the former Oppenheimer & Co. analyst who now runs her own firm. Banks face an “uphill battle” in generating loan growth as consumers reduce debt and will receive less revenue from fees because of new regulations and the lack of a…Rest of Story…
COLUMBUS, OH
Don’t Turn On The Furnace
It’s Furnace Friday on my blog… because Friday there is always a post for consumers about furnaces, unless I forget like last week. This is a Re-Blog of a post from Jay Markanich a home inspector in northern Virginia. This one is about a furnace in a new build. Thanks Jay for allowing the Re-Blog. Via Jay Markanich (Jay Markanich Real Estate Inspections, LLC): On a recent new construction inspection I arrived much earlier than my clients. I like to do that. When they arrive I can greet them and introduce…Rest of Story…
LAKE GENEVA, WI
APPLYING FOR A LAKE GENEVA MORTGAGE SOON? DON’T OPEN NEW CREDIT CARDS ON BLACK FRIDAY.
Black Friday is 3 days away. It’s the official start of the 2010 Holiday Shopping Season. Sales are expected to top $111 billion this year and, already, businesses are vying for shoppers and their dollars. Newspaper circulars are getting larger, and in-store discounting is more prevalent. But one discount that shoppers should think twice about is the popular “Open A Charge Card, Save 20%” promotion. The short-term savings may be tempting, but the long-term costs may be huge…Rest of Story…
LENDING
New Lending Guidelines Benefit Young Borrowers
Under Fannie Mae’s new lending guidelines, which will take effect Dec. 13, securing a mortgage will become easier for some borrowers and more difficult for others. These new rules will allow buyers to use gifts and grants from nonprofit groups for their minimum 5 percent down payment. Freddie Mac is also considering similar new guidelines, according to spokesman Brad German. Borrowers previously were required to contribute a minimum 5 percent down payment from their own funds…Rest of Story…
NICE BLOGGING
@NashvilleBrian joins RETV to talk about niche blogging for real estate
Brian Copeland understands one thing, find a niche and carve it out for yourself. He explains to RETV how that is exactly what he has done on NashvilleAndBeyond.com. Brian works long and hard to develop content that people want. Not just real estate content, but content that people in Nashville will want in general. Brian knows his audience and has them targeted to sex and age. Knowing his audience Brian has an advantage in making his videos and writing content for his blog, he knows who he is writing…See Video…
SAN ANTONIO, TX
HAVE A GREAT THANKSGIVING!
I hope everyone has a terrific time with family, friends, and loved ones today. I’ve always loved Thanksgiving and I’m a huge fan of turkey (and make a pretty delicious turkey, if I do say so myself). This year will be the first in a long time that I’m at home, but won’t be cooking myself. I do plan on eating turkey though and green bean casserole, which to me is a vegetable dish that should be served everyday (I especially like it reheated the next day…mmmm). Enjoy your Thanksgiving and take a few…Rest of Story…
SEATTLE, WA
My Seattle Blogs: How Real Estate Can Learn From Black Friday!
I’m looking at this particular Black Friday and seeing a massive amount of folks waiting in very long lines for supposed deals that for some, never materialized. Why do folks get up in the middle of the night to stand in line with 500 of their closest friends for the glimmer of paying a fraction of what a product retails for? Why do retailers slash prices like that? Simple, they want the momentum of a perceived deal to make you buy more! Sounds a lot like a Buyers Market to me…Rest of Story…
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