Existing home sales and home prices drop

Existing home sales and home prices drop

The National Association of Realtors (NAR) announced today that existing home sales – including single-family, townhomes, condominiums and co-ops – decreased 0.4% in January, when compared to the previous month's sales. According to the report, January was the slowest month for home sales since the report's inception in 1999.

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Beware bad advice about foreclosure

Beware bad advice about foreclosure

A very disturbing and potentially damaging trend seems to be emerging in several real estate markets across the country. Especially those markets with flat or even declining values. The trend? Well, it seems that some very less than scrupulous folks have resorted to promoting foreclosure to people wishing to move and having trouble selling their current homes.

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Update on HR 5140, the economic stimulus plan

Update on HR 5140, the economic stimulus plan

The economic stimulus package penned by House leaders and President Bush 2 weeks ago is one signature shy of becoming a law. It was passed by the House last week, and after some added provisions by the Senate, it has won an overwhelmingly positive vote in the Senate. It should be in the President's hands next week, where he has promised swift action.

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