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Tuesday, November 24, 2009

Daily Real Estate News

Thanks,

JOHN ROSE
REALTY ASSOCIATES
561-414-0012 PHONE
561-210-7111 FAX  
john@johnjrose.com
www.johnjrose.com

---------- Forwarded message ----------
From: REALTOR(R) Magazine Online <NAR@newsletters.realtor.org>
Date: Tue, Nov 24, 2009 at 1:53 PM
Subject: Daily Real Estate News
To: john@johnjrose.com


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November 24, 2009

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One in Four Borrowers Are Underwater
New research from the First American CoreLogic reveals that 5.3 million U.S. households hold mortgages that are at least 20 percent higher than the value of their home.
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Declining Dollar Brings Foreign Investors
Buyers from Argentina, Canada, France, and the Netherlands are lining up to buy luxury condos in Miami, New York, and Las Vegas.
Read more >
California Bans Practitioner Accused of Fraud
David Crisp license was revoked for three years for lying to lenders, who made $11 million in loans as a result.
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Health Problems Linked to Chinese Drywall
The U.S. Consumer Product Safety Commission reports that there is a "possible" link between the health concerns voiced by home owners and Chinese drywall.
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Some Cities Unaffected by Recession
Locations with many employment opportunities and stable home prices are faring the best in the economic downturn.
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Signs of Upturn in CMBS Market
With two large commercial bonds recently issued without Government support, the commercial market is beginning to show some promise.
Read more >

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Short Sales Help in Plain Language
Cool Tools: Best of 2009 and What's Ahead
Foreign Investors Return
Wanted: Selling Sources
Do you have a story to tell about a recent sale? How about your first sale? We want to hear about it!
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