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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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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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Economic Slump Dampens Pending Home Sales

After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 4 percent to 82.3

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Foreclosure Drop Under Way in Florida During January 2009

Florida foreclosures were down nearly 22 percent in January, to 10,007 from 12,786 in December. That mirrors a nationwide trend, according to the latest U.S. Foreclosure Index report from Sacramento, Calif.-based Foreclosures.com. It’s unclear whether this is a trend reversal, or just a blip in a continuing

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