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What We’re Reading: Aug. 27 – Sept. 2

Homeownership declines in all but elderly in last 20 years, real estate auctions & customer service hell

Conforming mortgage limits are dropping at the beginning of October from $729,750 to $625,500, meaning that buyers looking for homes priced over that amount will have to seek out and qualify for a jumbo mortgage – generally at a higher interest rate and with a large downpayment. For most of the country, it is not that big of a deal. Buyers looking for million dollar homes generally have some financial flexibility. But in New York City, the change in conforming loan limits impacts a much broader swatch of the market. The New York Times has the details.

The blog Calculated Risk takes Census data to show some remarkable declines in homeownership over the last 20 years by all but the elderly. They attribute it to various factors including younger people waiting longer to marry, mobility issues, etc.

Jakob Nielson is the go to guy for user-interface/intuitive product design advice. His latest column talks in part about how the rise of mobile and portable devices doesn’t mean the end of the desktop PC. One invention rarely completely replaces another. Because of this, companies will need to design for multiple screen types – mobile, PC, TV and maybe more based on their product. What works on one, may not work on another. How is your MLS system responding? Is it keeping up with various formats and designs or is it trying a one-size-fits-all approach?

Real estate auctions, long used in the sale of foreclosed properties, are becoming more popular among wealthy homeowners to drum up interest for mansions that have languished on the market after the housing crash.

Google’s axiom: don’t be evil. Yet, many of us remain suspicious. Some insight into Google’s intentions. For up-to-the-minute tech articles and research from the National Association of REALTORS®, follow @nartech on Twitter.

Getting out of voicemail/automated calling hell. While you’ll never have this nightmare when calling us at Information Central, sometimes it’s hard to figure out how to bypass the auto prompts. The author suggests stomping on the ’0′ or ‘#” keys.

While you can’t ignore reality, you also can’t let financial anxiety take over your life. That’s no way to live. If you’re having a hard time keeping a sense of perspective, here are three suggestions to help you through trying times.

Just what you were waiting for: Facebook to launch music service.

Everyone have a great holiday weekend!

Dave

Senior Information Specialist

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Comments
  1. Bill

    I personnally think its a shame that this organization is still trying to pinch every dime out of the American people during this time of economic dispair , it is called preying upon the people for your own profit. Your commercial says for every two houses sold there is one job created in fact the only ones recieving any money from a house being sold is still the bankers and realtors as well as the construction of that house if it comes down to that but nothing new about any of that so in my eyes the commercial is an all out lie. And the amount of these houses being sold is outragous no matter how you look at it it just boils down to greed of you and the bankers. Wisdom says if you really were out to help the American people and wanted to create more jobs by selling these houses then you would know more houses would be sold if the price were to fir the deprate times of the economy and people. I dont need a reply to this I just wanted to start this movement streight to the sorce of the problem thats all.

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