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real estate values: Home Prices dip, Oregon better off than most - 06/27/08 12:37 PM
Home prices across 20 major U.S. cities have dropped a record 15.3% in the past year and are now back to where they were in the summer of 2004, according to the Case-Shiller home price index released Tuesday by Standard & Poor's. Case-Shiller is deemed one of the most reliable measures of home prices because they track the same homes through their program, not different properties as some other reports.Here's the 20 city-by-city breakdown in the Case-Shiller index:Las Vegas, down 26.8% in the past year; Miami, down 26.7%; Phoenix, down 25%; Los Angeles, down 23.1%; San Diego, down 22.4%; San Francisco,
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real estate values: Real Estate Market Turning(?) - 06/27/08 12:21 PM
Rather than "The Sky is Falling," which is what we hear from the national news media day in and day out, one national "expert" on the Real Estate Market front, Roger Schlesinger, has the following to say:"The long-awaited event is gearing up and will greatly surprise the media, the Wall Street gurus, the apartment dwellers, the naysayers, and nervous homeowners. Real estate is preparing for the turn; are you? It will be a small one at first, but its momentum will make some forward-thinking lenders once again focus on profits, not losses."Mr. Schlesinger has gained acclaim through his "Mortgage Minute" not
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Fred Chamberlin - Oak Harbor/Whidbey's #1 Experienced FHA Mortgage Consultant
Oak Harbor,
WA
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Guild Mortgage Co - Oak Harbor WA
Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277
Office Phone: (360) 675-6106
Cell Phone: (541) 221-3455
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