The subprime mortgage problems were already starting to trickle into the real estate market and eliminating potential first time homebuyers from buying their first home. Today's Jumbo mortgage problem is now squeezing out buyers on the high end. With a growing inventory of homes, and less buy
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08/07/2007
I just got off of the phone with a mortage broker discussing the latest news in the Jumbo mortgage market. While it is still really bad for those of us in areas that regularly see homebuyers using this product, there is some glimmer of hope that deals can still be salvaged. It will require usin
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08/07/2007
Everyday we are inundated with stories about the problems in the housing market and the fact that we are entrenched in a buyer's market. Yet somehow homeowners are still of the mindset that they should price their home high to allow room for negotiation, and maybe they will get the pie-in-the-sk
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08/07/2007
I can't speak for what goes on in markets other than my own, but often times I come across listing agents that will either write up a listing the way that the homeowner asks even if they know that the information is incorrect, mistakenly put something on the listing that is not true, drastically
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08/05/2007
In a high-flying seller's market, it made almost no difference when a home went on the market, because it was virtually guaranteed to sell in the neighborhood of the asking price. In today's buyer's market, it's all about timing. It is more important now, in comparison to a few years ago, to no
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08/04/2007