Freddie Mac released the results of its Primary Mortgage Market Survey in which Mortgage Rates fell for the ninth straight week. Frank Nothaft, its vice president and chief economist said, "Inflation in the economy in the first three months of the year was contained and upward price pressure in the near-term seems unlikely."

When inflation is contained, mortgage rates decline, and home sales are stimulated. In fact, existing home sales hit a record high in April, defying expectations of a modest slowing trend, according to the National Association of Realtors.

David Lereah, the NAR's chief economist, said sales had been expected to hold at high levels. "A new record is a bit unexpected, but so is the performance of mortgage interest rates which have been lower than forecast," he said. "When we look at recent job gains, we see all the positive factors coming together to coincide with a powerful demographic demand for housing."

Jody Lane, president of Realty Times, says "New home sales are up, existing home sales are up and prices are holding firm. This should dispel any rumors about a so-called housing bubble."

He says, "Informing consumers through Realtors is exactly what our Market Condition Reports are designed to do. We have seen a huge increase in the number of people viewing this information. Realty Times is the leading publication dedicated to helping consumers in their pursuit of home ownership, because we are Realtor-friendly and wholeheartedly believe that it should be Realtors, the local market experts, who deliver market information to consumers."

Realty Times' Market Conditions Reports

In Mamaroneck, New York, the overall real estate market in is holding strong due to the close proximity to NYC and limited inventory. The average sold price has gone up two percent since the same time last year. Prices on some properties are being lowered, and buyers are not as plentiful as a month ago. The Long Island Sound area continues to be in demand due to the easy commute to Manhattan and Stamford, as well as White Plains. There are 50 homes currently on the market, ranging from $369,000 to $9,000,000 with the average listing price of $1,600,000.

Moving over to Sisters, Oregon, the central Oregon real estate market is hot, hot, hot, say our experts. Pristine lakes, rivers and streams amid towering forests of Ponderosa Pines, are all nestled beneath the snow-capped Three Sisters Mountains on the east side of Oregon's snowy Cascade Mountains. Our local Realtors tell us that real estate is moving like hot potatoes and home shoppers and Realtors are working hard to keep up with the pace. Much of the demand is coming from out-of-state buyers, particularly California, for high-end homes and homes across the board. They are cashing out on a very inflated market and feeling like they are still able to procure a great deal here. Current inventory in Sisters is low, and buyers are waiting in the wings. It's definitely a seller's market!

Finishing up in Loveland, Colorado, our expert Realtors there tell us that today's market is showing signs that it is a great time for buyers. Properties are taking much longer to sell today, so sellers need to be sure to price it right when they first list a property. Resales must be sharp-looking, clean and ready to go because they are competing with new construction. New home sales are up for the past two months. First quarter 2005 numbers indicate that the median price remains virtually unchanged, around $220,000. These numbers do include new homes, which are a significant percentage of the Loveland market.

This Week, Realty Times TV Viewers Asked:

Jim from Chicago asks: I have a single-family house and a condo apartment that were both purchased less than two years ago. If I sell my house and move to my condo apartment, would I have to pay a capital gains tax on a probable profit of $50,000?

Answer: While there are some exceptions to the two-year rule, generally you can expect to pay federal taxes at regular rates. Why not wait until the current residence has been used for two years? Then the profit will not result in any federal tax. Please see a tax professional for details -- and ask about exceptions to the two-year standard.

Linda from Houston asks: If I feel that I have been the victim of appraisal fraud, what steps do I take to seek justice?

Answer: An appraisal is an independent estimate of value provided by a licensed appraiser. Appraisals for a given property can and do vary, so by itself a given valuation is not evidence of anything wrong. Was the appraiser inappropriately or secretly compensated? Did the appraiser have a secret interest in the property? For specifics, contact an attorney or the consumer affairs office with your state Attorney General.

Sam from Mississippi asks: We will be living in my existing home while we buy, tear down and build a new home on different lot. Our existing home is now worth $450,000. We owe $140,000. After all is said and done our new home will cost about $850,000. We would like to pay as little as possible on our existing home while we build our new one. What type of options do we have?

Answer: Since the new home represents the bulk of your financing needs, why not get a combination mortgage that covers the cost of the lot and construction, and then converts into permanent financing? Such financing can be structured so that no payments are due until the home is completed. Ask lenders about the programs they offer, down payment requirements, rates, etc.

Published: June 10, 2005

Use of this article without permission is a violation of federal copyright laws.

Blanche Evans is the award-winning senior editor of Realty Times, the Internet's leading independent real estate news service. She is featured daily on the Realty Times Video Network in the "Realty Viewpoint" segment. Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and has been twice recognized as a "notable." In 2005, she was named "Top Reporter Covering the NAR" by Delahaye-Bacon's. Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68. Order Now Review - Honors In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.       Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans. Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR "The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors Coverage from WSMV, Nashville - 8-14-2007 That Interview Guy - Get Inside The Head Of Today's Generation 2007 AE Institute Session - To purchase 2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9 HouseValues Mastermind call - Parts 1 2 Blanche's fireside chat with Jeremy Conaway, HAR - Click here. To contact Blanche, email her at . For more articles by Blanche, click here.