Offline1. Housing starts surged to a 1 & ½ year high in November. The 635,000 unit rate was 24.3 percent over November 2010.
2. Mortgage rates fell to record lows again.
a. 30-year fixed rate fell to 3.94%
b. 15-year fixed rates were down to 3.21%
c. 5-year adjustable rates fell to 2.86%
3. A huge 46% of homes sold in November were either short sales or REOs. It is expected that the first part of next year will bring a new rush of foreclosures.
For investors, prices are staying low, mortgage rates are plumbing new depths, and rental demand is increasing…all good.
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The above posts has NO place on this web site. The authors of these two posts should be banned from the site. This is a real estate site that provides wisdom on real estate and self growth. This site is NOT for purposes of soliciting the sale of merchandise, or exercise routines. Administration please take action to eliminate this type of junk!
Hugh
Jah knows all things ...
I agree with you Hugh. Those ad's don't belong on this site. Only about Real Estate, to help those trying to get started.
Elaine
This coferebefran and jerseynews is posting these on several forums, why can't they be shut down? They have put tons on the forum from Happy New Year.
Sandi
Yes admin and moderators please delete the profiles and posts of the pointless sale ads
Bless and be blessed!
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Yes, I agree with Hugh too Elaine. I have just joined this site and the those ad's are confusing and a distraction from the main idea, I think, of what was originally intended. "Those trying to get started" and those with experience in Real Estate Investing wanting to share those ideas with others.
I did enjoy those "news bits" however!