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12/18/2006 2006 real estate forecaster report card
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Each year, Inman News reports on what the major trade group economists
are forecasting for real estate the coming year. Now, we look back at what they
told us last year to see how their original predictions played out.
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12/18/2006 Surviving Winter Storm Blackouts
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A winter storm with hurricane force winds swelled the surf and blasted icy rain and snow across the Pacific Northwest late last week, causing at least three deaths before heading inland.
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12/18/2006 Growing Numbers of Homeowners Falling Behind on Mortgage Payments
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More American homeowners are slipping behind on their monthly mortgage payments, especially those who had subprime credit histories and scores when they applied for their loans. Roughly one of every 20 homeowners with a mortgage -- 4.7 percent -- was at least 30 days late during the third quarter, according to the Mortgage Bankers Association's national delinquency survey released last week. The survey examined payment performances on over 42.6 million active home mortgages.
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12/18/2006 Give the Gift of Real Estate Knowledge
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Holidays are typically frantic and even stressful as people try to decide what to give that special someone who has everything. The gift of real estate knowledge is a present that's useful and practical. It's also something everyone should know about.
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12/15/2006 Foreclosures to be hot niche in '07
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Adjustable-rate
mortgages with interest-only options have driven much of the buying activity
over the last five years. With a slowing market, some owners may find that they
owe more than their property is worth. In 2007, approximately 9 million
adjustable-rate mortgages (ARMs) will readjust. Combined with a flattening or
decrease in prices, many owners will be caught in the squeeze of having higher
payments and no way to pay for them.
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12/15/2006 Housing still far from hitting bottom
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Good economic news all week long had mortgage rates headed
for an up-side blowout until rescued by today's word of zero change in November's Consumer Price Index. Do not be misled: for long-term mortgage rates to hold
near 6 percent -- let alone decline further -- the economy has to sink, and
that is not what it is doing.
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12/15/2006 More people using Web for real estate search
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The number of Internet users who look for housing information online has grown steadily over the last six years, a new study finds, thanks to more online resources for listings and other real estate information.
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12/15/2006 More real estate cooling hits D.C.
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Home sales and prices in the Washington, D.C., area continued to cool in November, and sellers took note, with fewer owners choosing to list their homes for sale, according to statistics released by Metropolitan Regional Information Systems Inc.
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12/15/2006 Real estate and the art of Internet friends
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So this mortgage guy has been trying to meet me for months.
I am generally suspicious of mortgage people: In my own experience as a buyer, they've been horrible. When I bought my first apartment, a little co-op for $65,000 (oh, those were the days!) I thought my mortgage broker was OK, but now I wonder if that's just because I didn't know any better. When I sold that apartment and bought another one, he sang me a very pretty song: You can buy before you sell, I'll get you a bridge loan, no problem.
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12/15/2006 Southern California home sales slide
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Southern California home sales in November fell to the lowest total for that month since 1997, according to a report by real estate research company DataQuick Information Systems.
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