market: Open House Burglars - 11/30/07 09:41 PM
In NY, and NJ two women were caught with stolen items that were missing from open houses that they attended. In all they made off with $73.000 in loot. These two women would go to open houses and while one of the women was engaging the agent, the other would go … (7 comments)
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market: Interest Rates - 11/30/07 09:15 PM
I read an article from REALTOR® Magazine online that points out that interest rates are at 2 year lows. The 30 year fixed dropped to 6.1 percent this week. And with the industry and the economy being the way it is now, another rate cut could be in the future.
Lenders … (2 comments)
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market: Do you have a pool? I have some advice for the Winter, and your pool. - 11/02/07 03:11 PM
First of all here is the link to the article I read on REALTOR® Magazine.
http://www.realtor.org/RMODaily.nsf/pages/News2007110206?OpenDocument
It gives you seven tips on how to protect your pool and what to do to maintain it during the winter. If you have a pool and live in a cold climate this could be useful. … (0 comments)
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market: List Prices Drop in Big Cities - 11/02/07 01:19 AM
Here is a link to an article on REALTOR® Magazine.
http://www.realtor.org/RMODaily.nsf/pages/News2007103104?OpenDocument
In many cities across the United States prices are dropping. Really? Are they? I did not notice. Nor did I hear anything about this on the news. In reality it is hard to pick up a paper, read an online article, or … (0 comments)
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market: Tips for investors - 11/02/07 01:12 AM
I read an article on REALTOR® Magazine that gives 8 points for investors to look for when contemplating a purchase of an investment. I will not go into detail, but the tips given are pretty good and they could be printed out and given to our investor clients who might need … (1 comments)
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market: RATE CUTS, GOOD OR BAD? - 11/01/07 10:54 PM
First of all I have to give a praise to my lender buddy who has been on the money again with his prediction about the rates and the cut. He also mentions that the interest rates were already beginning to trade at lower rates in anticipation of these rate cuts. And … (4 comments)
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market: Nationwide, 2 Million Vacant Homes - 10/28/07 05:34 PM
When I saw the headline for this article my mouth dropped. I imaged how many neighborhoods are almost completely vacant. I know here in Surprise, AZ there are subdivisions that are 70% vacant. Is that unbelievable, or what? I know that things are bad, but they could get worse with many … (14 comments)
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market: A New Anti-Predatory Loan Bill - 10/22/07 07:21 PM
I was reading that Democrats are going to introduce a new bill. This bill would set standard rules for lending across the country. One part of the bill would require lenders to be licensed. Another would require them to have due diligence when they check if a borrower is able to … (5 comments)
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market: Arizona Update - 10/21/07 03:03 AM
OK I have the numbers for Arizona, again I must add that this is for Single Family Detached homes, This does not include New Homes, Condos, FSBO's, etc...
Are your ready? 48,071 a new record.
I still have to see the silver lining. Homes are still selling and the inventory is perfect … (0 comments)
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market: Open House, a NAR report. - 10/15/07 10:16 PM
I read today a report about the effectiveness of open houses. and if they are useful or not. I will not go into detail, but I will state that I believe Open Houses can and will potentially lead to future clients and business. I think the days of holding traditional Open … (1 comments)
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market: Where its a Great Time to Buy - 10/09/07 02:08 PM
Here is a link to an article that mentions 10 places where it is a great time to buy. I am a bit surprised at some of the cities that made the list, and more surprised to find out what cities did not make the list. I wish I knew what the criteria … (6 comments)
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market: Home Sales Down - 10/08/07 10:56 PM
Really? I did not notice. Let me come back to reality. Home sales are down 21.5%. However, this number could use an asterisk, I say this because they have only been keeping track since 2001. So what are the numbers for 1940, 1979, 1999? If theses numbers are only based on sales … (0 comments)
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market: Yeah home prices are down but.... - 10/04/07 11:22 PM
I recently wrote a post regarding the Prices of homes in some American Cities. I recently came across an article that made me want to post the link to show the new outlook for home prices. To me this is a great article with great statistics. It shows home price peaks, … (4 comments)
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market: Bailout, Bailout, Bailout!!! - 10/01/07 08:36 PM
A new bill is being proposed to help out struggling home owners. This bill would make changes the the bankruptcy code to allow judges the power to wipe out debt or lowering the principal and or interest. This would be a step that would be used instead of repayment. While this is … (8 comments)
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market: Healthy Market? - 10/01/07 08:24 PM
Today I read an article (see link below) that mentioned how market is healthy. I think that the housing market is a little down, but I would not say it is healthy. It is not bad, it is not good, it is just different, and this article shows why. Please feel free to read it … (2 comments)
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market: Interest Rates on the Rise, Again! - 09/28/07 12:04 AM
Wouldn't you know it, interest rates are on the rise again. I know that the Fed just cut rates and that it was a good thing, but, I keep trying to figure out for who? If they cut the rates again, what would be the outcome? Would we actually see the … (1 comments)
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market: Home Prices, Which Way are They Heading? - 09/27/07 03:05 PM
Here is a link to the REALTOR Magazine article I read that tells you which direction home prices are heading. It also gives you a list of cities where home prices are falling. I am not surprised about what cities made the lists. While this may be bad for home sellers, … (1 comments)
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market: Fastest Growing Counties - 09/26/07 10:03 PM
The Fastest Growing Counties statistics have been released on CNN, I happened to read it in an article/slide-show on AOL. I think you will be surprised by the number one Fastest Growing County. Hint, it happens to be in Arizona. Three happen to be in Florida. It is hard to imagine with … (4 comments)
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market: Realogy President and CEO on Inman TV - 09/24/07 06:21 PM
The President and CEO of Realogy gives his take on the Real Estate Industry. He talks about the change in the market and the cycles it goes through. He gives his opinions on MLS's and how they are good and bad. I hope you enjoy this video from Inman News.
Real … (0 comments)
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market: So much for the Rate Cut!!! - 09/21/07 12:44 AM
I never honestly thought the rate cut would make a big difference in lending or for the rates charged to our buyers. Well maybe it does on the lending side because they can now make more money offering the same rates or, charge more in fact. The new rate is what the … (5 comments)
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