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Real estate bargin hunters have a field day with bank foreclosures

Banks that are flooded with foreclosures have been dumping them on the market and bargain hunters are having a field day but some investors including Mark Partipilo, a Las Vegas real estate investor concludes that “In this market, there are so many REOs that the banks are

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Orlando Regional Realtor Association reports slight dip in home sales and median price during July 2008

Home sales declined slightly during July after the traditional summer peak in the previous month and are still down compared to July 2007. 1,436 existing home sales was 3.6% less than 1,436 which sold in June and 5.8% less than the 1,524 sold in July 2007. Median

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It’s a Buyer’s Market – Increase your chances of a sale.

It’s a buyer’s market but sellers can increase the chance of a sale in today’s climate by working with a Realtor and considering the following: Do not count on open houses to sell your home as less than 5% of buyers find their home at an open

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Orlando Regional Realtor Association reports another increase in home sales and median sales price for June 2008

The Orlando real estate market continue to show gradual signs of improvement as home sales and median sale price increase for the fourth consecutive month. 1,443 existing home sales was 7.1% more than 1,347 which sold in May but 5.3% less than the 1,524 sold in June

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Orlando Regional Realtor Association reports an increase in home sales and median sales price for May 2008

The Orlando real estate market shows even more signs of improvement as home sales and median sale price increase for the third consecutive month. 1,276 existing home sales was 3.7% more than 1,231 which sold in April but 27% less than the 1,745 sold in May 2007.

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Existing Home Sales Show Suprising Gain

Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5 percent to a seasonally adjusted annual rate of 4.74 million units in

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Bill Aims to Stabilize Housing, Stem Forclosures

A bill that embraces the need for righting the housing market—the first big step toward economic recovery—was introduced Friday in the U.S. House of Representatives. H.R. 384, The TARP Reform and Accountability Act, was offered by Rep. Barney Frank (D-Mass.), chair of the House Financial Services Committee.

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Orlando Regional Realtor Association reports slight increase in home sales for April 2008

Yet another baby step to a recovering market. 1,147 existing home sales was 2.41% more than 1,120 which sold in March but 25% less than the 1,530 sold in April 2007. Median sales price fell to $211,000 which was approx. 4.1% drop from $220,000 reported for March

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Orlando Regional Realtor Association reports slight increase in home sales for March 2008

The Orlando area has experienced a 13.6% jump in month-over-month homes sales which are baby steps towards a balanced real estate market. 1,080 existing home sales was 13.5% more than 951 which sold in the previous month but 39.3% less than the 1,779 sold in March 2007.

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NAR Endorses Obama’s Recovery Plan

WASHINGTON – Feb. 26, 2008 – The National Association of Realtors® (NAR) expressed support of President Obama’s broadened focus of the nation’s economic recovery that stresses housing stability and making health care an important component of his economic revitalization strategy, in addition to “restarting lending” and preventing

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