The American Story of our Generation

Bank of America: You Say You’re Here To Help? PROVE IT! from melissa brodsky on Vimeo. Melissa Brodsky, wife, mother, blogger, humorist, will soon be removing “homeowner” from her list of achievements. Like so many Americans who are trying to save their homes, she describes her personal situation matter of factly, and yet hearing the […]

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10 Most Expensive Markets

According to CNN Money, the 10 Most Expensive Housing Markets in the USA are: Honolulu $585,000 buys three beds and three-baths Median home price: $579,300 San Jose $745,000 buys a three bedroom home in a gated community Median home price: $545,000 Anaheim $599,900 buys a 3,000 square-foot, modern house Median home price: $511,800 San Francisco […]

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America’s Most Affordable Cities – Detroit, Michigan

Forbes ranked the top US cities for bargain living and the midwest region filled many of the spots. Detroit came in at #3 and was Michigan’s only urban area that made the top 15 list. That said, if you have a college degree under your belt and a steady job to show up to, your […]

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Uptrend in Pending Sales for October

Pending home sales figures were higher in October over September by 10.4%.  The pending figures represent homes that have gone into contract but not yet closed. Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) says, “It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to […]

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Home Sales Last Month Indicate Recovering Market

Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to […]

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July Existing Home Sales Report

“Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired. Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September. However, given the rock-bottom mortgage interest rates and historically high housing affordability conditions, the pace […]

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Closed Home Sales Increase March over March by 16%

Broad based real estate recovery occurred in nearly every market for single family and condo sales comparing March 09 to March 10. The midwest saw an increase in sales of 7.2% over last month. Overall the prices have stabilized the first quarter of this year.

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Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas

Synopsis: Homebuyer tax credit and low interest rates had a positive impact on home sales in the last quarter of 2009. Sales of distressed properties were down 5% over the previous year. The national median sale price for a single family home was 4.1% lower than a year ago, but some areas are seeing double […]

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Pending Homes: Housing Wealth for Middle Class has Begun to Stabilize

December activity was the fifth highest monthly tally in two years. Synopsis: Nationally pending home sales for December 2009 were up nearly 11% over December 2008. The Midwest saw an increase of 8.7%. Be in contract by April 30th and finalize your transaction by June 30th to qualify for a tax credit of up to […]

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