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Recent Comments
piersonrealtygrp 07:10:21 PM Aug 24 2007
Try finding a lender to Jumbo Loans in California or Arizona. Any loan over $417,000 is almost impossible to find at a decent rate unless you think 13% is great.
Rock and roll to Wyoming, Idaho and Oregon were the action is.
Cash is King!!! time to follow the vultures!!!!
cmitc0728 04:41:27 PM Aug 24 2007
oNE THING WE DO KNOW - STOCKBROKERS ARE GETTING RICH REGARDLESS OF THE ECONOMY
robert9702 04:07:22 PM Aug 24 2007
I will agree with skiappraiser. I have been appraising in central Florida for many years. Based on current MLS data, as of 4:01 p.m on Friday August 24, 2007, there are 15935 single family homes on the market in Orange County Florida (Orlando) and there have been only 505 closings of the same since August 1, 2007.....DO THE MATH. The media holds the country by the short hairs. They, (whomever "they" are) know they can manipulate our thinking according to what we hear or see in these daily reports. I WANT our market to stabilize, unfortunately when there is a 30 month supply of homes it's going to take some time to absorb.
expertortho 04:03:48 PM Aug 24 2007
jbluhm1951 is right. Strong economy. Market actually valued lower today by almost any index than in Dec 2002 at its "bottom" ... the overreacting market is definitely a great value now. Almost all the realtors are now saying that at least the "lookers" are out again.
jbluhm1951 01:38:07 PM Aug 24 2007
I beleive the numbers are close to being accurate. Wall Street always over-reacts to everything, good or bad. People who work in construction are still building houses, maybe they do not have as many up coming housing starts as they had two years ago, but still in many parts of the country builders have plenty to bulid. Commercial building seems to be replacing some of the residencial building this year in my area, the SouthEast. The real story is the credit problem people have in this country. Credit card companies are ripping off the poor with high card interest. The economy is stronger today then it was 4 years ago. Housing has slowed some, retail very little, and the service sector is doing just fine. Today is a great time to buy beaten down stocks especially retailers, and tech co.
Skiappraiser 12:35:59 PM Aug 24 2007
http://www.mfrmlshelpdesk.com/pdf_files/stats/4YrBoardStatHistory_ORRA.pdf
Mid Florida Regional Multiple Listing Service
This information shows the value of local and national real estate organizations.
Skiappraiser 12:04:14 PM Aug 24 2007
Markets vary based on demand, supply. Metro Orlando, Florida's two main counties (Orange/Seminole) stats from ORRA MLS board:
June 2007 - active SFR 25,923 units, closed SFR 1,431 units
June 2006 - active SFR 18,437 units, closed SFR 2,841 units
June 2005 - active SFR 3,710 units, closed SFR 3,119 units
Builder inventories/sales are partially in these statistics. Condo market is not in these statistics.
www.downtownappraisal.com
pushupsbootcamp 11:18:48 AM Aug 24 2007
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HOW FAR WILL A PRIEST GO TO KEEP A SECRET?
ReallyAppraising 11:16:48 AM Aug 24 2007
I love the guys so sure in their own arrogance that say they don't believe the numbers provided because in their small little sector of the world, home sales are and permits are slow. There is a big picture here. If you have traveled to all 50 states in the last month and physically counted all the permits and home sales in July, then you can discount the numbers. Some markets are still very slow. Builders have overstocks of inventory, this is true, but not every market is bad. Oregon is booming and some other markets are booming. Overall these booming markets may be the reason the overall numbers are better than expected.
Latest Money News
| Type | Current | APR |
|---|---|---|
| 30 Yr Fixed Mtg | 5.16% | 5.39% |
| 5/1 ARM | 4.32% | 4.24% |
| $30K HELOC | 5.82% | 0.00% |
| 36 Month New Car Loan | 7.20% | 0.00% |
| 1 Yr CD | 1.59% | 1.60% |
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