2009

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Back To The Basics

IT’S A GREAT TIME TO BE A FIRST TIME HOMEBUYER Let’s get back to basics. Before the crazy days of 20% annual appreciation, people used to buy houses to have a place to live! The average net worth of renters is $4,000; the average net worth of homeowners is $184,000. Historically, homes have appreciated at
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Is the Glass Half Empty or Half Full?

NEW YORK TIMES HAS THEIR DATA RIGHT BUT THEIR ANALYSIS ALL WRONG. “No End Yet for Downturn in Housing, New Data Suggest”-This is the headline of an article published by the New York Times this morning. The article suggests that the twin signals of decreased new construction and increased foreclosures signal further trouble in housing.
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