1. Insider Tips for the Housing Market
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‘Million Dollar Listing Los Angeles’ stars Josh Flagg, Josh Altman and Madison Hildebrand join Melissa Francis to share their top tips for selling a home. They say the first thing to do when selling your home is to go to your neighbor and ask if they want to buy your home – especially if it’s a big estate, because the neighbor may want to enlarge their property. And Hildebrand says before selling your home, you should hire an inspector and an interior decorator, as showing your home well will get you top dollar.
2. Are Weddings Too Pricey for Guests?
More and more wedding guests are skipping out on weddings because of the soaring costs of attending. In fact, nearly half have declined to attend a wedding because of financial reasons, according to American Consumer Credit Counseling. TheKnot.com site director Anja Winikka says bunking up with other guests for out-of-town weddings and booking flights way ahead of time are two great ways to save. Plus, Winikka says 50% of the registry gifts are $50 or less – and guests should hit the registry early to find a great gift within their price range.
3. President Calls to Wind Down Fannie and Freddie
President Obama called to wind down Fannie Mae and Freddie Mac in a mortgage revamp, and says there should be more of a private backbone for the mortgage market. Former CBO director Douglas Holtz-Eakin weighs in on the president moving away from big government policy and his talk of limiting the role of government.
4. Sam Zell: I’m Cynical About Housing Recovery
Billionaire real estate investor Sam Zell says Fannie and Freddie were originally created as a supplement to the housing market, but slowly became the housing market. Zell says the president’s plan to wind down Fannie and Freddie is a step in the right direction. He also says he’s cynical about the current housing “boom,” and the single-family housing market is not as great as many are saying.