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February 15, 2002   
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News & Advice > Archives > February 15, 2002

Today's Market Conditions Report
A comprehensive analysis of the market, with over 10,000 reports from Realtors across North America.
Tampa Bay, FL - Lower interest rates have kept buyers in the market especially for entry level housing. New construction continues at a brisk pace. More->



Evergreen, CO - Currently there are more homes coming onto the market than was the case in the past 24 months. Sales were very slow in last years 4th quarter and now sales are picking up nicely. More->



Rancho Santa Margarita, CA - The seller's market is continuing to push the prices up. For the month of January there were 82 properties that closed escrow, reflecting the typically slower sales month of December. More->


Today's Headlines

Predators Target Manufactured Housing Consumers
A new Consumers Union study reveals a manufactured housing lending industry rife with consumer complaints about alleged abuses that could amount to predatory lending. FULL STORY->
Keeping Track of Basis Takes Years of Receipts
Some of the least exciting things about real estate are the items which will save you lots of money in the end. The area where you will end up losing the most money is in the tax arena, where Uncle Sam gives few deductions and likes to take as many bucks as possible. FULL STORY->
Rates Flat, According To Freddie Mac Weekly Survey
In Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.86 percent, with an average 0.7 point, for the week ending February 15, 2002, down from 6.88 percent last week. Last year at this time, the 30-year FRM averaged 7.01 percent. FULL STORY->
Ask George: Questions From Consumers
I am trying to sell my property. The buyer wants me to owner finance the difference between the down payment and the selling price. I will not have the cash to pay off my first lien note to the bank if I do that. Ask George! FULL STORY->


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Clifford
Featured Columnist:
Clifford A. Hockley



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