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13 October 2008
Stock Market at a 5 year low...Oil down!
"THOSE WHO CAN SOAR TO THE HIGHEST HEIGHTS CAN ALSO PLUNGE TO THE DEEPEST DEPTHS." Lucy Maud Montgomery . Despite all of the government's efforts, markets here and around the world plunged this week as the financial crisis continues to grow. Read More...
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11 April 2008
Buyers and Renters - The Cost of Waiting
First up: The loss of tax deductions . In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction. A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying Read More...
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11 April 2008
2008:The Best Year to Buy a Home in 35 Years!
In April of 1973 , mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's Read More...
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03 April 2008
Good News!..Feb. 2008 Homes Sales in a Stable Range..
Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 2.9 percent to a seasonally Read More...
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14 March 2008
Apartment Buildings - Multi-Family Units - Good time to Buy - NOW!
The National Multi Housing Council projects the number of "households that rent" will increase by four million over the next 10 years, with half of them renting apartments in properties with five or more units. Looking back at 2007, the group Read More...
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08 March 2008
International Buyers - Sizing Up the California Market.
Due to my efforts in optimizing my website www.LAexclusiveProperty.com I am speaking with more and more International Buyers that are beginning to consider real estate investments in California. The reasons for this traction are the weakened dollar and Read More...
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23 December 2007
Market downturn - Where is the bottom?
One of the main reasons for the housing market downturn is the unprecedented run up in home prices (since 2003) which proved to be out of line with inflation and other "fundamentals". When will we see the BOTTOM? When Builders cease with their Read More...
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22 December 2007
Paramount,CA home prices at new low
Question :Which U.S. city has been the worst affected by this year's housing slump???? Answer:Paramount, CA In Paramount, home sales dropped 78% in the third quarter from the third quarter in 2006 , from 134 home sales to only 30 last quarter. Home Read More...
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22 December 2007
Mortgage contracts should NOT be altered
Former Federal Reserve Chairman Alan Greenspan said that compelling lenders to alter mortgage contracts would be a damaging tax on the economy and it would be less harmful to simply give the homeowners money. Greenspan's concern is if lenders are Read More...
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22 December 2007
Tax Relief for Home Owners
President Bush signed into law Thursday a bill creating a temporary tax break for homeowners who are able to persuade lenders to forgive part of their debt, and extends a tax deduction for some families with private mortgage insurance. For the next three Read More...
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22 December 2007
Home Prices in SoCal down 29% plus
My clients that are putting in offers now (April 2008), are starting at 5% to 8% UNDER the list price on homes that have been on the market for at least 45 days with no price reductions. This seems to be working and Sellers have been responsive. For homes Read More...
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