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I usually don’t need to hold a finger up to the wind to feel which direction the housing market is blowing. Or read the latest stat sheets to see if homes are selling or not. No, I have my own barometer to the health of the housing market. If my wife is constantly on her cell phone, it’s good. She’s a realtor. And her phone has been glued to her ear the… Read More

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Mortgage rates have dropped again to record lows on both 30-year and 15-year fixed rates. Freddie Mac reports the average rate for a 30-year mortgage dropped to 3.56%.  That’s down from 4.51% this time last year. The rate on 30-year loans has fallen to or matched record lows 11 of the past 12 weeks. The 15-year fixed rate fell to 2.86%. These rates are the lowest since long-term mortgages began in the… Read More

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Want some good economic news? Sure you do. Here it is: the nation’s long housing bust has ended, according to The Wall Street Journal. In its story “The U.S. Housing Bust Is Over”, the WSJ says: “The housing market has turned–at last …. the numbers are now convincing.” The WSJ reports that home prices are slowly rising, there’s an increase in sales of existing single-family homes, and housing starts are improving. And… Read More

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Let’s face it, homes just aren’t selling as quickly as they did a few years ago. The economy has soured, salaries have dipped, and unemployment lines are longer. The American Dream, for many, is on hold. Bury a saint With the housing market still in a slump, sellers are looking for any break they can get. And some are not only calling on the help of  a good realtor, they’re burying a… Read More

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More and more people want to live closer to work. Not because they love their job, but because of the skyrocketing price of gasoline.  The cost of gas is influencing where people are choosing to buy a home, according to a new survey. A Coldwell Banker Real Estate survey found people want to shorten the distance between home and work, and gas prices are the main reason for that.  Here are a… Read More

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I just got back from a spring break vacation, which included a few days in Florida (and the prerequisite stop to see Mickey & friends).  So it caught my eye when I read a report at CNN Money that nearly 20% of Florida homes are vacant. 1.6 million homes are vacant The Census Bureau revealed last week that 1.6 million homes there are sitting vacant, an increase of more than 63% in 10… Read More

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