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Blog entries tagged with "economy":
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The upside of British Columbia's real-estate-market cycle has been steep, but the downside will not be as rapid as in the U.S., according to the real estate firm Century 21 Canada.House prices in select B.C. markets have been flat or risen up to 12 per cent in the last year. That … (0 comments)
The Wall Street Journal interviewed national economists whopredicted a slight (2.8%) increase in home prices this year. They also on average predicted a 0.5% fall in home prices next year. That is a sharp contrast to the double digit growth we've experienced for the past several years. 2005 showed a … (0 comments)
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Red + Blue = Purple I'm aware any analysis of politics, and its economic effects, is always a tightrope walk, so my thesis will ere on the side of simplicity. Yesterday's election's results weren't unexpected... many of the pundits were prepared for the House returning to a Democrat majority. The … (5 comments)
Today’s the big day, America’s going to speak, and speak loudly, I think (hope). And we, your crew of Codgers, are going to be part of that conversation. There’s going to be a long line at the West Seventh Street Salvation Army Citadel Service Center, the official polling place for … (1 comments)
Dear Reader,The unemployment data was released today for October and the numbers were a big positive for labor market. This news was not the best for real estate professionals like realtors and mortgage lenders and potential homebuyers because the rates started to increase sharply.The unemployment rate hit a 5 year low … (3 comments)
While riding this evening, my mind was wandering through some of the work-related issues that I have come across this week. One of the more interesting things that I ran across was a highly positive issue associated with the higher interest rates. Now this is somewhat of a perplexing issue, unless … (1 comments)
By Martin Crutsinger - AP Economics WriterWASHINGTON — Housing prices, slumping after a five-year boom, are projected to decline in half of the nation's metropolitan areas, with the Northeast, Florida and California among the areas hardest hit.The forecast by Moody's Economy.com, a private research firm, presents one of the starkest views … (0 comments)
With the Federal Reserve leaving monetary policy alone for the 2nd time in two months, this sends the signal that the government is finally acknowledging that the economy is not all peaches and cream. 
Orange County California, isn't really know (or wasn't) or called "The OC" until our friends here made a fantastic television show featuring Mischa Barton (and others). The show the spawned the spin-off "Laguna Beach" on MTV, which has driven tourism through the roof. The great thing about that, is here in … (1 comments)
Ive been reading predictions that the Fed will possibly, hopefully, start to lower short-term interest rates, and that they'll leave the rates where they are at this week's meeting. Oh how I hope that proves to be the case!
Some industry journals have already started talking about the Spring 2007 market with predictions that range from a continued slow-down and lower prices to more bullish predictions with a retrun to houses selling hot off the griddle. I agree the market is going to continue to improve, but I don't see … (0 comments)
Business has slowed a bit here in the twin cities. I know that some REALTORS have already quit. I am noticing that there are a lot vendors calling me these days trying to sell their marketing materials etc. My phone rings several times a day and the caller is a sales … (2 comments)
In horse & wagon days covered bridges were all over the eastern United States. 
WE went from two years ago when a builder was offering $500 as a coop comission for bringing someone to the site. "take it or leave it " they would say." There are no other communities available in the area, if you don't bring them in, they will walk in by … (5 comments)
The question I get a lot these days is "has this finally become a buyer's market?" to which I invariably answer... "Well, yes, sort of... but not really. It's hard to say." Now if this sounds a little inexact or confusing, well, then you understood me perfectly. The fact is, it certainly … (2 comments)
Great news for home buyers! For the third week in a row, mortgage rates have dropped. This is good news for people shopping for new homes since rates have been rising since April 2006. At one point, the mortgage rate hit a high of 6.8%. The average rate for a 30 … (0 comments)
Denver Per Capita Income Good news! The Denver Business Journal recently reported that Denver-Area Income is the 12th Highest in Nation. The report says that the Denver-metro area per-capita income grew 4.4 percent year over year in 2004, to $40,939, which puts Denver in the number 12 spot among the 361 … (0 comments)
Realty Times recently ran an article on the market research of the Lusk Center for Real Estate at the University of Southern California.
As President-Elect 2007 for my local Board of Realtors, Snohomish County Camano Association of Realtors®, (SCCAR), I'd like to share these facts with you:Protecting Property Rights - REALTORS® believe that private property rights are fundamental to our free-market economic system and a cornerstone upon which this nation was founded. A strong … (3 comments)