Friday, October 14, 2005

To Entice Borrowers, Banks Sweeten Home-Equity Offers


To Entice Borrowers, Banks Sweeten Home-Equity Offers
Rising short-term interest rates have slowed the growth in home-equity lending a popular way for homeowners to turn rising property values into extra cash. In response, lenders are cutting rates and adding lock-in options.

Discount Real-Estate Brokers Spark a War Over Commissions
A fight between Cleveland's real-estate establishment and a scrappy discount broker shows the tough tactics underway as the industry's traditional model of commissions comes under attack and the Web brings increased competition.

Housing Prices Are 28% Below The National Median in Memphis
The metropolitan area has the dubious distinction of being the seventh most undervalued housing market in the country, according to a recent study.

Home Sellers Use Blogs To Market Their Properties
Some homeowners are using this new online medium to make their properties stand out among traditional real-estate listings. The sites allow sellers to give tours of their houses in a more personal forum.

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