Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!usa-post Newsgroups: usa-today.real,americast.usa-today.real From: usa-post@AmeriCast.Com Organization: American Cybercasting Approved: usa-post@AmeriCast.com Subject: real Fri, Nov 6 1992 Date: Fri, 6 Nov 92 05:29:35 EST Message-ID: 11-06 0000 DECISIONLINE: Real Estate USA TODAY Update Nov. 6-8, 1992 Source: USA TODAY:Gannett National Information Network N.J. HOMEOWNERS WANT REBATES: The Division of Taxation is dealing with thousands of disgruntled New Jersey callers over homestead rebate checks. The state legislature has cut the 16-year program by $380 million. That means 800,000 people who received checks last year won't get checks this year. PAPER EXPECTS REAL ESTATE BOOM: The Arkansas Democrat-Gazette is expecting a boost to its real estate classified ad section from the election of native son Bill Clinton as president. Homeowners and agents in Washington are reaching out to find buyers and renters bound for D.C. "We're getting a lot of calls," says Karen Hardy of the newspaper. She says the calls are from the 202, 703 and 410 area codes. NEWCOMERS WILL NEED HOMES: The Arkansas Democrat-Gazette, already getting classified real-estate ads by Washington-area real estate agencies, can expect more business to come. The Washington Post says experts estimate a new administration and newcomers to Congress might generate close to 1,000 home sales. Some of those buyers are bound to be from Little Rock. The newspaper is running a special edition Nov. 16. HOUSING FOUND FOR RIOT VICTIMS: The Los Angeles Housing Authority is working with the Department of Housing and Urban Development to rent units to families displaced by the riots. The Resolution Trust Corp. turned over six single-family homes and 40 vacant apartments to the housing authority. Those units are being rented to families for 30% of their monthly income through year's end. BROKERS GET OWN NETWORK: The New York State Association of Realtors has inaugurated the Commercial Investment Division Network (CIDNET). It gives brokers in New York, Connecticut and Massachusetts access to information about commercial listings and prospective buyers. Brokers can search the data base to find out if buyers' and sellers' needs correspond. SALESPEOPLE NEED GOOD TRAINING: Realtor Phil Kreider says that offices should take the time to train salespeople properly when they are first hired and save themselves from grief. Krieder, director of career development for Century 21-Results Inc. in Lakewood, Calif., says that offices should get directly involved in their salespeople's training. "That's the only way to ensure expected results," he says. BOSS SHOULD HELP IN TRAINING: Getting directly involved in new real estate salespeople's training is a good way to bond with new staffers early, counsels Phil Kreider, a Century 21 career development officer. Direct involvement in training might keep them from looking for a better position later, he says. And salespeople are more likely to take advice if they think the boss has been through footwork as well. BARRY SANDERS TO SPEAK: Rebuild L.A. co-chairman Barry Sanders will speak Monday at a keynote luncheon sponsored by the California chapter of the American Planning Association. The talk comes six months after the riots that devastated Los Angeles. The speech is part of the association's state conference focusing on building sustainable communities. The group is calling for a growth management plan. STRUCTURES STILL HAVE ASBESTOS: An environmental specialist for the state of Alaska says the city of Bethel should sell its landfill as an asbestos dump. Ray Dronenberg says the move would bring more jobs as well as state and federal money. Several area structures built in the 1940s and 1950s still contain asbestos. FIXED-RATE MORTGAGES STABLE: The rates for 30-year fixed-rate mortgages from the Federal Home Loan Mortgage Corp. were listed at 8.21% Thursday, unchanged from Wednesday and down 0.02 from the week before. They were at 8.78% a year ago. For 30-year adjustable-rate mortgages, the rates were 5.12%, unchanged from Wednesday and down from 5.13% the week before. A year ago they were at 6.58%. ARM INDEXES STABLE: The one-year Treasury ARM index rates were listed at 3.50% Thursday, unchanged from Wednesday but up from 3.48% the week before. A year ago they were at 5.15%. For the 11th District ARM index, rates were at 4.874%, unchanged from Wednesday and unchanged from the week before. A year ago they were at 6.714%. T-BONDS RISE: Treasury security rates for the 30-year bonds showed an increase Thursday, listing at 7.69%. That's up 0.02 from rates of 7.67% Wednesday and up 0.12 from rates of 7.57% the week before. A year ago they were at 7.92%. Real Estate Editor: Beth Mann. (1-919-855-3491) Making copies of USA TODAY Update (Copyright, 1992) for further distribution violates federal law. This article is copyright 1992 Gannett News Service. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM