Today restrictions are being loosened on Fannie Mae and Freddie Mac. This loosening of restrictions will allow these organizations to put up to 1/3rd of their reserve into the mortgage market. The aim is to allow for refinancing in another effort to reduce the number of foreclosures. This is good
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03/19/2008
This is a very important week for many people of different faiths. So if you are a religious person, or even if you are not, take a moment this week to stop and reflect. Since none of us have moments I suggest friday 9 am you stop and reflect. Even if your market is slow stop and say thank you fo
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03/19/2008
It can be really tough today in our market. Buyers are thinking, Hey prices are good but they are going to get better. Buyers are thinking rates are good but they are going to get better. Buyers are thinking the economy stinks and it is going to get worse. So there is a lot of fence sitting.We ha
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03/18/2008
I posted about holding on to your hats a day or so ago . Well here we go. The real problem has always been liquidity. We are now getting down to it. The Fed gave money to bail out the Bear. I believe that had the fed not done this we would have seen our first major bank run.Bank runs are infectio
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03/17/2008
All Mountain Realty works in the gated communities of Big Canoe Talking Rock Creek Benttree and Lake Arrow Head. This is not to say we do not work else where. I am writing this blog for folks who are looking for homes or property ,or agents who have clients looking for proerty in these communiti
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03/16/2008
I am going to predict that this will be a wild week in the financial markets. So hold on to your hats because the Fed is about to grab your wallet. Bottom line here is the boys and girls on wall street are looking to the Fed to bail them out. It will be hard for the Fed to say no as they all eat
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03/16/2008
I posted today on the Atlanta Market . But let's look at the North Georgia Market.Land prices in the mountain counties against last year Jan and Feb are up 3 percent. Housing prices are flat. (Up 1/2 percent. Sales of homes are down 9 percent and lots are off 15 percent. The market is being fuele
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03/15/2008
Some numbers are in for the Greater Atlanta area. While the mountains are stronger , for sure the Atlanta market effects us. The housing market dipped 3 percent in price in 2008 so far against the same period in 2007. There is a 38 percent decline in home sales. This percent has not been seen sin
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03/15/2008
Today we had a run on a major brokerage house. After all the Fed put a bunch of money into the market so the big guys could get out. The problem is more than just the big guys want out. Any kind of bad news starts the feeding frenzy. The real problem will come next week when the Fed lowers intere
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03/14/2008
Yesterday I learned a new word. It is lurking. Now this isn't really a new word but it has a new meaning. It means someone who reads blogs and does not comment about them. They are lurking. Now it wasn't too long ago that I learned the new word blog. I am proud of the word blog because Active Rai
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03/14/2008
