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Monthly Archives: October 2010

    Existing home sales jump 10% in September

    By Tom Toole | October 25, 2010

    Sales of previously occupied homes jumped 10% in September, which marked the biggest monthly gain in 28 years, according to  The monthly gain was bigger than expected, indicating the housing market is stabilizing at weaker levels. This was much higher than expected, but experts have cautioned not to celebrate yet.  Many feel the increases in... Read More

    Unemployment rate drops in 23 states during September

    By Tom Toole | October 22, 2010

    According the the Associated Press and, unemployment dropped in 23 states and Washington D.C.  However, the unemployment rate rose in 11 states and remained unchanged in 16 per Labor Department statistics.  The declines were nearly double the number reported by states in the previous month. Little hiring took place last month, and a survey of employers showed... Read More

    Americans still believe buying a home is a good financial decision

    By Tom Toole | October 18, 2010

    According to the National Association of Realtors’ housing opportunity pulse survey, nearly eight out of ten respondents believe buying a home is a good financial decision, despite the ongoing challenges with the housing market and economy.  The survey also found that job security concerns were the highest in eight years.  Roughly 70% of Americans are... Read More

    Housing Glut Blamed on Drop in People Forming Households

    By Tom Toole | October 13, 2010

    According to and the Census Bureau, U.S. household formations are at their lowest since 1947.  Many feel this is helping to keep the supply of unsold homes at near-record levels nationwide, even thought relatively few homes are being added to the inventory. Between March 2009 and March 2010, the number of households rose just 357,000 per... Read More

    Bank of America halts all foreclosure sales

    By Tom Toole | October 8, 2010

    According to, 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 where foreclosures must be approved by courts.  Today’s announcement will extend a review of foreclosure... Read More

    Just Listed! 256 Torrey Pine Court in West Chester!

    By Tom Toole | October 7, 2010

    Beautiful end unit carriage home in Whiteland Woods is being offered at $374,900!  Located on a premium lot and backs to wood!  Nearly 2,500 SF.  Address is 256 Torrey Pine Court, West Chester, PA 19380. Check out my Featured Listings section for pictures and all the details of the gorgeous property.  Call me at 610.692.6976... Read More

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