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November 2008

Nov. 20, 2008 - A Glimmer Of Hope

A colleague forwarded this short article to me this evening and I wanted to share it.  Although the news is concentrating on the declining stock market and auto industry, the real estate markets have been showing some encouraging numbers lately.

  • New mortgage applications increased 12% last week
  • Applications for FHA loans were up 15.3% last week
  • The fixed rate on a 30 year mortgage dropped from 6.5% to 6.24% last week
  • Pending home sales have been stronger that last year for two straight months

If you get a chance give the article a quick read:

http://realtytimes.com/rtpages/20081118_realestateoutlook.htm

 

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Information on the real estate market in Naperville and the surrounding areas as well as information on current market conditions, forecasts, and ideas for getting homes sold.

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