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Pending Sales For May 2010 DOWN 30 PERCENT

n n n n nRobbing Peter to Pay Paul. nThat is the result of the tax credit. Sure it boosted sales earlier in the year, but the price that is being paid is pretty extreme. nWith pending sales down 30 percent since April and 16 percent from last May in the peak selling season, this does not call for [...]Thanks for reading this post. If you would like to see more articles like this, please co

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Saints Coach Pleads Guilty to Real Estate Fraud

n n n n nYou never would have guessed that Travis Jones was working in Miami when he committed the real estate fraud that he plead guilty to yesterday. Those were the days when everyone in the city was doing it. nThe now current assistant defensive line coach for the New Orleans Saints plead guilty to conspiracy charges to [...]Thanks for reading this post. If you would like to see more ar

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Home Buyer Tax Credit Closing Extension Passed and Signed

n n n n nHome buyers who qualified for the $8,000 Home Buyers Tax Credit who were unable to close on their home have been given a reprieve. With President Obama’s signature this morning they will now have until September 30th to close. nThere was an estimated 180,000 families that were unable to get their homes closed upon before [...]Thanks for reading this post. If you would like t

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Australian Homes Cost Nearly Twice As Much As USA Homes

n n n n nRemember your first economics class as the professor showed the supply versus demand curve and it seemed such a basic concept?nWell if you need proof that it works, just look at the housing markets in the United States and Australia. Both immigrant countries that have relatively short histories the housing markets differ greatly. nAustralia with [...]Thanks for reading this post.

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Low Interest Rates Drive Manhattan Real Estate Sales

n n n n nForget about the tax credits and governmental interventions when you are talking about Manhattan real estate sales. When the average sale is 1.4 million dollars, interest rates are the key criteria. And interest rates are lower than they have been for decades. nSo the word on the street in the heart of New York City [...]Thanks for reading this post. If you would like to see more

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Help Ashley Dupre – New Yorks Newest Real Estate Agent

n n n n n“Let me show you the bedroom” is a line I am sure Ashley Dupre has said many times. nThe famous call girl brought down New York Governor Eliot Spitzer a couple of years ago in a nationwide scandal now has her brokers license for New York State and is looking to get into the real estate [...]Thanks for reading this post. If you would like to see more articles like

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Fannie Mae and Freddie Mac – OTC or Penny Stocks

n n n n nOver the counter or penny stocks is not the place where people put their retirement funds. But years of mismanagement and social engineering have landed Fannie Mae and Freddie Mac in the world of OTC stocks.nTrading under a dollar for too long has gotten these stocks out of the New York Stock Exchange and into [...]Thanks for reading this post. If you would like to see more articl

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Real Estate Agents Caught Up In Russian Spy Case

n n n n nA Redfin agent, Tracey Foley, was arrested yesterday in a Russian spying case that included 10 others. Here is the report from Redfin’s corporate site.nnA Boston-area Redfin field agent was arrested today by the FBI on charges of being a Russian spy. In her job application, she identified herself as Tracey Foley, but called herself [...]Thanks for reading this post. If you w

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2 Square Miles For Sale in Grand Teton National Park?

n n n n nAn interesting battle is lining up between the state of Wyoming and the Federal Park Service. You see, Wyoming owns 2 square miles in the middle of the Grand Teton National Park and they want the government to buy it or trade it for other land. nBut the government rents it now for $3,000 a [...]Thanks for reading this post. If you would like to see more articles like this, please

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Home Buyer Tax Credit Extention Passes House, (Now) Senate, Not President

n n n n nUpdate: via the WSJ – Senate passes homebuyer extension till September 30th, 2010. nnThe Senate Wednesday approved more time for homebuyers seeking to claim a federal tax credit, but tabled a six-month extension of jobless benefits.nThe homebuyer measure would help only those that entered into binding contracts before April 30. It would give such homebuyers [...]Thanks for r

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