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• Economy, not debt rating and market turmoil, is chief driver in current housing market.

  Everyone is very concerned about the debt rating downgrade right now. However, the economy is the main driver for current housing market conditions. Greg McBridge, senior financial analyst at Bankrate.com , says that "as long as the economy continues Read More... Posted Wednesday, August 10, 2011 8:45 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Events, Finances, Buyer Information, Seller Information

• Foreclosures are crushing home prices, but mortgage rates remain low.

  Home prices have continued to drop during the first quarter of 2011, dropping 4.6% from a year earlier according to CNNMoney.com and the National Association of Realtors. Condo prices fell ever harder by a rate of 10.4%. The main cause for this decline Read More... Posted Thursday, May 12, 2011 11:40 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, For Sale, Announcements, Events, Industry, Finances, Buyer Information, Seller Information

• U.S. housing construction surges, but permits tumble.

  According to REUTERS , U.S housing starts rose more than expected in January to their highest rate in four months, but permits for future home construction dropped sharply despite large gains in prior months. This data was sourced from a government report Read More... Posted Thursday, February 17, 2011 3:43 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Events, Industry, Buyer Information, Seller Information

• Bank of America halts all foreclosure sales.

  According to CNNMoney.com , Bank of America is halting foreclosure sales in all 50 states as part of a widening investigation into the flaws in the foreclosure process. This announcement comes a week after BOA froze home foreclosures in the 23 states Read More... Posted Friday, October 08, 2010 1:57 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Events, Industry, Buyer Information, Seller Information

• Nab a real estate deal, while you still can...

  If you have been holding off on a real estate purchase, signs of a turnaround in the housing market may have you wondering if it is finally time to make your move. While home prices remain low, they are no longer free-falling in most markets (definitely Read More... Posted Tuesday, March 02, 2010 12:52 PM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Events, Industry, Finances, Buyer Information

• Pending home sales continue to increase!

  Pending home sales rose again in October, marking the 9th consecutive month this figure has risen according to the National Association of Realtors. The Pending Home Sale Index, which is a forward looking indicator based on the number of contracts signed Read More... Posted Tuesday, December 08, 2009 10:36 AM by Tom Toole, III | (Comments Off) Filed under: Real Estate, Market Conditions, Announcements, Events, Buyer Information, Seller Information