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I'm a licensed loan officer and I'm also in real estate sales. I've recently had so much trouble trying to close loans that I've moved a different direction in regards to getting sales. Check this out..... I've got an 811 mid credit score client with over 240,000 in the…
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Some good news on the housing front: The value of U.S. homes grew on a monthly basis (May) for the first time in three years. Not by a lot, mind you, but enough to inspire some hope that the downward spiral of the housing market might just be leveling off.
Reuters via Yahoo! News
Some respected economists cautioned that the upward movement could be a reflection in the decline in foreclosures and may be fleeting. Mark Zandi, chief economist for Moody's Economy.com, calls it a "temporary respite," and warns that home prices will likely continue to fall over the next several months. Read More »- Let’s talk: Comment (2) | Blog
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Yes, it's a slow housing market. We know that, and if you've been trying to sell a home in this down market, you definitely know it. Housing prices were down 7.7 percent nationwide in the first quarter of 2008 over a year ago, and foreclosures could hit 2.5 million this year. It's a buyer's market, but that doesn't mean it's an easy market.
Getty Images
With foreclosures rife, it may seem like a no-brainer way to score a good price on an available house. But buying a foreclosure requires lots of homework, patience and good timing. Read More »- Let’s talk: Comment (3) | Blog
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