Raking leaves, digging out the sweaters, harvesting the last of your summer garden: This month we prepare for change as summer draws to an end and the crisp cool of autumn descends. Just the facts ... Also in September ... • Labor Day is celebrated this year on September 6 and is always
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09/02/2010
Dominating last week's financial news was a precipitous plunge in sales of both new and existing homes for the month of July. Sales of existing single-family homes, townhomes, condominiums and co-ops during July dropped a shocking 27.2 percent to a seasonally adjusted annual rate of 3.83 million
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09/02/2010
Sorry I've been a little late actually posting this one. Topping last week's financial news was the increase in unemployment claims. The Department of Labor reported that for the week ending August 14, the advance figure for seasonally adjusted initial claims for unemployment insurance was 500,00
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09/02/2010
There are a few superb professional mentors / trainers / coaches / etc. out in the world that you must pay attention to because they are just soooo good. Brian Buffini is, in my book, one of these. He is hosting a new even for the real estate professionals this fall. You can get more informati
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09/02/2010
Cuba has just approved 99 year leases for foreign property investors (article via propertywire) I'm pretty sure Cuba is still on the U.S. no-travel list, but it looks like the rest of the world is going to beat a path to this Caribbean island to pick up unspoiled, oceanfront land on the cheap "Th
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08/31/2010
FHA RELAXES LENDING GUIDELINES Not that long ago 45% DTI (debt-to-income) was the recommended maximum with 50% being a drop-dead point. Because FHA does not impose a hard ceiling for debt ratios, this is now rapidly changing. Now new investors are aggressively entering the market place and compe
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08/23/2010
I just caught this 5-minute news clip from an interview with the Philadelphia Federal Reserve President, Charles Plosser, who argues that the government should no longer be involved in home loan market. Philly Fed Pres.: Dont Need Gov't Involved in Home Mortgages The essential statement is that F
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08/18/2010
U.S. productivity fell for the first time in a year during the second quarter of 2010, the Bureau of Labor Statistics reported last week. Productivity for non-farm businesses decreased at an annual rate of 0.9 percent during the second quarter, with hours rising 3.6 percent, while output rose onl
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08/17/2010
A repost of information from DSNews.com, by Carrie Bay on 8/16/2010 at http://www.dsnews.com/articles/print-view/fed-issues-new-mortgage-disclosure-and-compensation-rules-2010-08-16 The U.S. Federal Reserve on Monday published a long list of new rules intended to protect consumers from what the c
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08/17/2010
It is that time of the year again, where the news commentators are likely to spend the next five months telling us about the decline in home sales. We're down %% over last month, woe is me, maybe we are in for a double-dip in housing prices. The above chart shows what has happened in the San Di
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08/17/2010
