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What is happening to the economy now?
If stocks prices are on the rise, are home prices to follow? I checked my stock account Friday September 24, 2010, and again this morning, Monday September 27th.  Stocks are soaring.  According to my account information, I had lost 50% of my investment over the past year.  It took 12 months to dwindle to what it was last 2 weeks ago.  Last week a change began to occur.  In a little over a week I have seen a gain of about 23%. If the stock market can change that quickly, what about the housing market? Last week a client submitted a cash offer for an REO property listed at a very attractive price.  This property received multiple offers, and we were asked to submit a highest and best offer.  My clients offer was perfect in my estimation, offer price was over the list price, no inspection, and it was a cash offer. After reviewing recent sales in the area my client took my advice and raised the bid price to a level I did not think would be beat.  Low and behold, our offer was reject, and another accepted.  Over the past two weeks I also received multiple offers on two ... more

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