St Augustine Weekly Real Estate Update - 07/28/10 09:55 PM

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Weekly Market Review - 07/26/10 09:56 PM
Tuesday, June Housing Starts came in down 5.0% from May to a 549,000 annual rate. This was below expectations, but still up 15.1% from the low they hit in April 2009. Most of the drop came from volatile multi-family starts. Single-family starts were down a mere 0.7%. Most significantly, housing completions shot up 26.2% in June, the biggest monthly gain going back to the late 1960's. Builders clearly shifted focus from starting to finishing, as they pushed to close sales qualifying for the homebuyer tax credit. Finally, Building Permits were UP 2.1% for June, beating expectations, so things are looking up … (0 comments)

What I Have Learned In Life - 07/24/10 11:59 AM
I had to re-post this....this is SOOOO GOOD!!!
Written By Regina Brett, 90 years old, of The Plain Dealer, Cleveland , Ohio "To celebrate growing older, I once wrote the 45 lessons life taught me.. It is the most-requested column I've ever written. My odometer rolled over to 90 in August, so here is the column once more: 1. Life isn't fair, but it's still good. 2. When in doubt, just take the next small step. 3. Life is too short to waste time hating anyone... 4. Your job won't take care of you when you are sick. Your friends and … (3 comments)

Tax Credit Deadline Extended..... whew!! That was close! - 07/09/10 11:06 PM
Thank goodness.... just in time!
A recent three-month extension of a homebuyer tax-credit deadline will help seal some delayed deals but otherwise will have little impact on the local housing market, area real estate agents say. Homebuyers hoping to qualify for the federal tax credits now have until Sept. 30 to complete their purchases, thanks to a measure that Congress passed and President Barack Obama signed last week. The measure extended the closing deadline from its original June 30 date. The emergency measure benefits an estimated 230,000 potential homebuyers nationwide who would have missed the original deadline, the National Association of … (2 comments)