Monthly Archives: February 2012

Buffett: “I’d buy a couple hundred thousand homes!”

Warren Buffet is bullish on housing.  He says with the prices and the financing available that if it were practical, he’d buy a couple hundred thousand homes.  An article from REALTOR magazine: http://speakingofrealestate.blogs.realtor.org/2012/02/28/warren-buffett-says-hed-buy-a-couple-hundred-thousand-homes/ Advertisements

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Pending Home Sales Index Rises

Optimism!  Pending home sales (homes under contract but not yet closed).  The midwest is still sluggish but we will take any good news we can find!  From DS News: http://www.dsnews.com/articles/pending-home-sales-index-up-in-january-reaching-20-month-high-2012-02-27  

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Short Sales Bring 24% Greater Return than Foreclosures

Ever wonder why a bank would enter into a short sale agreement?  I have and here is a possible reason why: http://www.dsnews.com/articles/short-sales-bring-24-greater-returns-than-foreclosures-2012-02-24  

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Remodeling: Which Projects Pay Off?

An interesting article from Realtor.com and Remodeling.com that shows which project pays the highest percentage back: http://www.upi.com/Business_News/Real-Estate/2012/02/20/Which-Remodeling-Projects-Pay-Off/2621329754259/  

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30 Year Interest Rate Inches Up

For the first time in 3 weeks, the benchmark 30 year mortgage interest rate inched upward.  It is still below 4% and is an indicator that demand for housing appears to be increasing.  From DSNews: http://www.dsnews.com/articles/average-30-year-fixed-rate-mortgage-up-from-all-time-record-low-2012-02-23  

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Want a date? Buy a Home

If low prices, low interest rates and a great inventory are not enough, this article from CNN says that singles prefer to date those who own vs. rent.  Now go out and buy a home! http://www.linkedin.com/news?actionBar=&articleID=5575134824697430039&ids=dP8Vcz4PejcOdz4Ud3cUdPsRdiMUe3ARczoTe3AVcjcNc34UdPkRb3sRdzwTe3oNe3oUczoMd3sTdjkIejcMc3cQdPASd38Ud3cNdjsRdiMTdz4Uc3AOe3gScjkPcPsTdzkR&aag=true&freq=weekly&trk=eml-tod2-b-ttl-1&ut=1ntp2gB87-gB81  

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Positive Trend, Weak Market Conditions

An interesting piece from DS News.  It echoes a lot of what we are seeing here in the Northwoods: http://www.dsnews.com/articles/market-report-shows-positive-trend-but-weak-conditions-2012-02-22

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