I bet most of you are like me and a little conflicted over the mixed messages regarding the home real estate market conditions. I stated not long ago that we are supposed to be in a super buyers market, and that, literally, should be the case. However, it is not really a buyer's market unless b
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08/31/2009
Fence sitters may be dealing with an opportunity lost by trying to time the market in hopes of a "better deal". The following demonstrates that which we have been saying for months. As the pressure for higher mortgage rates has increased in recent weeks, investors have speculated that the Fed wo
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05/31/2009
Market Conditions Improving.... The North Carolina Association of Realtors has reported in the May/June issue of "For The Record" that foreclosures fell 42% in North Carolina in the 1st Quarter, while filings rose 24% nationally, as compared to the same period last year, 2008. Nationally, the Uni
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05/26/2009
The North Carolina Association of Realtors has reported in the May/June issue of "For The Record" that foreclosures fell 42% in North Carolina in the 1st Quarter, while filings rose 24% nationally, as compared to the same period last year, 2008. Nationally, the United States median home price ros
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05/26/2009
We are closing in on almost 4 months since the benefits of the Stimulus Package for home buyers was announced. Unfortunately, the incentives have not yet spurned an appreciable amount of buying activity, though some markets have reported some modest upswings in the past 3 months. So, why haven't
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04/13/2009
TARP funds must be finally in play now- check out our LOW Jumbo and Super Jumbo 30 yr fixed rates! Here's a sample of Primary Home Purchase money rates today, up to 0+1, with escrows for a borrower with median credit of 720-760. These are subject to vary based on loan amount, occupancy, LTV, cr
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03/13/2009
It's been longer than I like between posts, but I have been watching with interest the effects decisions in Washington are having on our futures, and what is being done or promised with our money. Some of the measures I advocated last August in the wake of Fannie Mae and Freddie Mac failing, are
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03/07/2009
January 31, 2009 Friends in Real Estate, Mortgage rates continue to stay low due to the government purchase of mortgage backed bonds. Expect slow underwriting due to the huge numbers of refinances. Plan on 45-60 day closings and be happily surprised if your lender can close sooner. If your con
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01/31/2009
What a way to end the year, or better yet begin a new year for the housing industry. Here's a sample of Primary Home Purchase money rates today, up to 0+1, with escrows for a borrower with median credit of 720-760. These are subject to vary based on loan amount, occupancy, LTV, credit quality an
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12/30/2008
The longer this business downturn runs on, the uglier it is getting. It is affecting so many different aspects of our economy now, it is going to take longer to work our way out of it. And too many are getting the idea that they can get a piece of the bail out pie, just because it's there. The
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12/30/2008
