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Home Prices Sink in Most Parts of US...

Today, the National Association of Realtors, said home prices fell in the 3rd quarter in most parts of the country….BUT home sales continued their climb. Quarterly sales outpaced 2nd quarter numbers and the previous years figures. 123 of 153 metro areas, saw prices fall compared to a year ago....
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Housing Prices Begin to Stabilize in US...

Home prices typically lag sales, but they are beginning to pick up!!! The first time home-buyer tax credit created an additional 350,000 buyers into the market, according to the National Association of Realtors. Zillow finds that 21% of homeowners have a negative equity position in Q3 compared to 23%...
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Home Buyer Tax Credit Extended...

Today, the President signed  a new bill to extend unemployment benefits to the hardest hit states with high unemployment for an additional 20 weeks, included in that bill is an extension to the very popular home buyer tax credit. The tax credit will be extended through April 2010.  It provides $8000...
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Home Prices Rise for 3rd Straight Month...

Home Price data released today shows an increase for the 3rd straight month in the average price of home, showing more signs of stabilization in housing.  If we continue to see positive housing data across all major metro’s this should translate to a recovery. Housing has been buoyed by the...
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Econ Analysis: 2Q GDP & Jobs Video...

CNBC Analysis of GDP and ADP Unemployment Numbers
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Builders Go Shopping for Land; Some More...

It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...
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Officials Saw Recession End in August: F...

Fed Minutes: End of Recession seen in August numbers. Hopeful about a “pick up” in 2010. [Source: AP]
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Pending Home Sales Rise Unexpectedly in ...

9/1/09- Seasonally adjusted index of sales contracts signed in July has risen to the highest levels in 2 years to 97.6 according to The National Association of Realtors (NAR). This reading is 12% higher than the same month last year.   Analysts predict sales will likely drop once the first time home...
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Orange County New Home Supply Lowest in ...

Builder Confiedence has risen 4 straight months; Why? Their inventory is at record lows, which has lead to speculation in Orange County, Ca of a possible bottom.  New home sales numbers released from the Census Buearu confirm just that, inventory has been declining drastically. Low Rates, Tax Incentives,...
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New Home Construction UP for 5th Month i...

Aug. 19, 2009 Construction is up 37% since the lows of last winter, stablizing the housing industry. This is not close to the massive building of 2006, but “housing is no longer a drag, Thats a good thing” said Mark Vitner, a senior economist from Wells Fargo.  For each new home built, it...

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