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Issue #22 January 14th, 2009
Your Bi-Weekly Newsflash from
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A quick dash of news you need to hear
 
In This Issue
Obama on Fannie Mae future
Where Home Prices are Heading
Washington Report:  Lastest Attempt to Stimulate Real Estate
One of the latest attempts to boost economic recovery was seen in the House on Friday, with the introduction of H.R. 384.  
 

This bill, according to the National Association of Realtors, would require the Treasury Department to develop a program, outside the Troubled Asset Relief Program, to stimulate demand for home purchases and lower property inventories, by making affordable mortgages available for qualified buyers through interest rate buydowns.

Read on...


Tough Times Can Turn Homeowners Into Landlords
When Dave and Gina Schudi of Phoenix went house hunting last year [in Tampa, Florida], they knew the time was right to buy - not sell - a home.
 
So when they did purchase a new one, they rented out their old home.
 
"It all depends on the market," said Dave Schudi, who plans to sell the old house eventually. "We've got good renters in there."
 
Falling house prices and a slow market are forcing more homeowners to consider renting their properties.
 
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3450 Buschwood Park Drive
Suite 165
813-931-0840
Housing Market Indicators:

Florida existing home sales:
(month-to-previous-year comparison)
15%
 
Florida existing condo sales:
(month-to-previous-year comparison)
5%
 
Florida existing home median price:
$169,700
 
Florida existing condo median price:
$147,600
 
Florida consumer confidence:
67
 
National existing home sales:
(month-to-previous-month comparison; all housing types)
-3.1%
 
National existing home median price
$183,300
 
National (Freddie Mac) mortgage rate
(all housing types)
5.01%
Sincerely Yours,
 

 
Michael C. Blickensderfer, Esq. 
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