From a recent Realty Times article by Ken Harney comes this report of the rise of investors as buyers in the current market The quarterly "homeownership survey" by realty information firm Move.dot.com found that one of every eight buyers last month was an investor - someone looking to acquire pro
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11/29/2009
As reported in a Realtor News article from their Source: The Wall Street Journal, Ruth Simon and James R. Hagerty (11/24/2009), more than 23 percent of people with mortgages owe more on their properties than they are worth, according to a report released Tuesday by research firm First American
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11/24/2009
"Nothing is impossible. Some things are just less likely than others." (Jonathan Winters), from the Jack's Winning Words Blog. Like Jack, I always enjoyed Jonathon Winters' humor and remember his TV show. He made up some great characters to use in his comedy routines.This week I'm trying to get
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11/23/2009
Here's some "mixed blessing news" from a recent CNN Money story. The typical U.S. family earning the nation's median income of $64,000 a year could afford to buy 70.1 percent of all homes sold in the United States during the third quarter, according to a report from the National Association of Ho
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11/20/2009
Last week's Business Week has a big, front page story about the impending wave of commercial real estate foreclosures that certainly is scary. The article talks about how many really big companies and really big, important properties are in really big trouble and how many will end up falling into
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11/14/2009
In Michigan there are taxes levied on the sale of a house that are called Transfer Taxes - one at the state level and one at the county level. With lower property values due to our struggling economy, many homeowners have been able to take advantage of an exemption contained in the Michigan Tran
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11/11/2009
"I don't think anything is unrealistic if you can do it." (Mike Ditka). Yogi might have put it slightly differently, maybe "Don't say it can't be done, if you can do it - just do it." Things that are sometimes labeled as unrealistic, such as personal goals in athletics or maybe business goals, a
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11/06/2009
The little saying from Jack's Winning Words Blog for today is, "When it's dark enough, you can see the stars." (Charles A. Beard). I had an initial reaction to that saying and then thought about it a bit more and came to a second conclusion. The first reaction is the most obvious - to find som
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11/03/2009
That isn't how the song went in 1966 when The Left Banke recorded it, but it's the advice that a University of Arizona professor is giving in a recently published paper. The professor, Brent T. White, an associate professor of law at the University of Arizona, makes the case that our social mores
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11/02/2009
