Fractional Focus - 10/26/09 01:53 PM
The most recent report from Ragatz Associates, well-known prognosticators of fractional ownership trends, revealed that North American fractional industry sales were down 34% to $1.525 billion in 2008 from to $2.29 billion in 2007.  While the decrease in sales activity appears dramatic,  (read more)
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Barometric Beat - 10/21/09 09:02 AM
Since the industry peak, which ranged between 2005 and 2006 dependent upon geography, home resale activity has fallen 38%; sales of new homes dropped a sheer 76%; and construction of homes and apartments plummeted 79%.  Those are not easy numbers to swallow. Housing experts remain divided on current market conditions.  (Read more. . .)
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Current Climate - October 2009 - 10/14/09 10:27 AM
The times they are a'changin' - albeit slowly.  According to the Federal Reserve's most recent Beige Book, 11 of the 12 Districts indicate that economic activity continued to stabilize in July and August with most markets designated "stable." Nevertheless, the Fed intends to keep the key lending rate near zero for "an extended period." Economists predict that the historically low rate will be maintained at least through the first quarter of 2010.  The equity markets continue to respond positively to the news. The Dow, NASDAQ and the S&P 500 all closed out the third quarter on a high, posting gains of … (0 comments)

Housing Hints - 10/06/09 02:38 PM
A recent survey of 600 shoppers in eight states revealed that despite a still-fragile economy and trepidation about employment, nearly three-fifths of the respondents said they thought it was an "okay," "good," or "excellent" time to buy a house.
Source:  AmericanLives.com
 "Value, once again, is driving sales."  Responding directly to the new frugality imposed upon home buyers by an economy that continues to frustrate, Orlando-based Canin Associates has designed a versatile portfolio of cottages and bungalows.  When clustered together as detached single-family homes the designs can achieve densities of 12-15 units per acre and as attached units (duplex/triplex) density … (2 comments)

 
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Judith She`

Charlottesville, VA

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Bowden's Market Barometer

Address: 626 Elk Run Lane, Charlottesville, VA, 22936

Office Phone: (386) 263-7563

Cell Phone: (561) 346-7697

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