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The NAR reports that sales nationwide of second homes fell more than 30% in 2007, while condos slipped less than 3%. Condos also made up a larger share of vaction homes last year, up 8 points to 29%. While sales of condos were steady, prices weren’t. Many areas saw a declines above and beyond the [...]
Dramatic changes in minimum requirements for home buyers may effect your ability to purchase a piece of real estate in Clatsop County. Many zero down programs have done away along with PMI, and new minimum credit scores will shrink the number of qualified buyers further. Fortunately, most of these changes are imposed by Fannie Mae [...]
Doesn’t appear our weather will improve much this spring break.
Our market is small enough that things like the December Storm have a large impact on home sales in the following month. If you ignore the month of Jan. ‘08, you’ll note that inventory is still increasing. I suspect in another 30 days we’ll have a true sense of where the market is heading.
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