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EmilRatti

  1. Happy New Year to all computer professionals that made it thru Y2K!
  2. Difficulties selling their home & obtaining credit are to blame for fewer Americans moving in 2009 compared with any other year this decade.
  3. HUD to Provide Temporary Relief to Homeowners Facing Problem Drywall
  4. As Buyers Respond to Tax Credit, U.S. Existing Home Sales Jump 7.4% in November 2009.
  5. Perception that contractors are hungry for work and willing to deal, the average national cost of projects surveyed has gone up.
  6. Northern NJ market stats for November: http://bit.ly/h7w3C @EmilRatti
  7. NAR-Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001-latest survey.
  8. NAR - Nearly one-quarter of first-time buyers are single females who purchased their first home on a median income of $47,400.
  9. Zillo's Real Estate - Buyers negotiated a median 2.7% off the last listing price of homes during October 2009, down from 2.9% in September
  10. According to the National Association of Realtors, pending home sales have risen for nine months in a row since 2001.
  11. Bergen County average sale price is up for the year 2009 by about 6%.
  12. Northern NJ market stats for October: http://bit.ly/h7w3C @EmilRatti
  13. Fire Sprinklers Set to Become Standard in New Homes..Members of the International Code Council's Residential Building Code Committee (RBCC)
  14. CURRENT MORTGAGE RATES 30 yr fixed: 4.98% 15 yr fixed: 4.40% 1 yr adj: 4.47% (U.S. Averages as of 11/06/2009)
  15. House and Senate to extend the $8000 home buyer tax credit to May 1 for first-time buyers and add a $6500 tax credit for repeat buyers.
  16. NAR-home prices rise for the eight straight month. The longest streak since measurement began in 2001.
  17. Mortgage Rates 30 Year Fixed: 5.03% 15 Year Fixed: 4.46% 1 Year Adj: 4.57% (U.S. Weekly Averages)
  18. Standard & Poor’s S&P/Case-Shiller Composite Home Price Indices...Home prices declined about 11% compared from this August to last August
  19. Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
  20. Northern NJ market stats for September: http://bit.ly/h7w3C @EmilRatti