Oil's price decline is due to relentless increases in supply and slightly declining demand due to weakening global growth. It's also because Saudi Arabia hasn't cut production. That's because the Saudi's are squeezing their enemies, Iran, Iraq and Russia which all heavily depend on oil revenues.
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10/30/2014
Based on RealtyTracs Data, Florida cities would dominate the list of cities based on their percentage of short sales and public foreclosure auctions, if it wasn’t for Las Vegas. The breakdown: Short sales made up 9.3 percent of all sales from July through September in Florida (nationwide it was 3
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10/28/2014
Inventory of seriously delinquent home loans, those 90 or more days past due, declined by 25,000, reaching its lowest point since 2008. September’s monthly prepayment rate, historically a very good indicator of refi activity, declined by just under a full percentage point. Looking at the states w
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10/26/2014
It was an active second quarter for Central Florida's $1 million home sales. The 20 most-expensive home sales in Central Florida were sold in this year's second quarter. The 20 homes that topped the list, were all in Orange County (Central Florida) and they sold for a total of $57.3 million, that
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10/26/2014
Should the Republicans regain the Senate (which seems likely), expect them to reverse the Democrats' rule enabling confirmation of cabinet appointees and most judges from a simple majority back to a super majority of 60 votes. With a simple majority, President Obama would only need to get one
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10/23/2014
Federal Housing Administration (FHA) plans to reintroduce a rule it put on hiatus during the national housing recovery: After Dec. 31, investors will once again have to own a property for at least 90 days before reselling it at a higher price if they use agency financing. The government waived
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10/21/2014
While housing starts were up 6.3% in September compared to August, the increase was led by an 18.5% rise in multifamily and a 1.1% rise in single-family. YTD single-family starts are up just 4%; multifamily are up 23%! Single-family permits now stand at 624,000 seasonally-adjusted, essentially
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10/20/2014
Your home is undoubtedly the most valuable asset for the vast majority of us and selling it will cost thousands. One of my last clients thought it was as easy as selling a car. Using the money saving tips in this article should reduce the cost of moving home. Estate Agent fees vary, so shoppi
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10/15/2014
Police Investigating ‘Ebola Quarantine Zone’ Message On Neighborhood Entrance “Ebola Quarantine Zone” painted on upscale, gated community Vandals hit Scottsdale, Ariz. housing causing resident scare It’s deadly serious and yet the butt of many jokes, including hazmat Halloween costumes and vandal
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10/15/2014
In the days before the great times, actually 60 days ago, if the borrower had a short sale over 2 years ago AND has 20% down payment then the borrower is eligible for a new Conventional loan without having to document an extenuating circumstance. Now the new rule is more restrictive and no longer
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10/15/2014
