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The statistics on Buyers that found their home through an Open House have dropped down to around 1%. If your home is marketed well and is easy to show by a Buyer's agent, you shouldn't have to take the risk of having a Open House! (post from Realtor message board) We held an Open House yesterday between 12:00-4:00pm.The home was located in Pembroke Pines Florida,the area is called Silver Lakes.

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The statistics say that the percentage of Buyers that found their home through an Open House have dropped down to around 1%. If your home is marketed well and is easy to show by a Buyer's agent, you shouldn't have to take the risk of having a Open House! (here's the post from Realtor message board) We held an Open House yesterday between 12:00-4:00pm.The home was located in Pembroke Pines Florida,the area is called Silver Lakes.

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The Risks of Being a Realtor Just in the past few days, there have been 2 incidents of Realtors being assaulted. If a Realtor asks you questions before agreeing to meet you to show properties, don't think that all they are doing is trying to see how real of a Buyer you are. Sure, they don't want to waste their time if you are already working with another Realtor or have not talked to someone about a mortgage to see what you qualify for.

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18 of Top 25 Cities Losing Population Rapidly

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The report provides the number of people moving into and out of each state and the 25 largest metropolitan areas. Among the 25 largest metropolitan areas, 18 had more people move out than move in from 2000 to 2004. New York, Los Angeles and Chicago - the three biggest metropolitan areas - lost the most residents to domestic moves. The New York metropolitan area had a net loss of more than 210,000 residents a year from 2000 to 2004.

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18 of Top 25 Cities Losing Population Rapidly



Buying And Selling: Seesaw Sales

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"A lot of consumers have been having affordability problems, which is why a lot of them have been taking out ARMs," said Chen. "But with ARM rates rising, fewer people have been able to afford a home, which was also behind last week's decline in applications."
Note the fact that things are still considerably less than sunny in South Florida, and you can get the picture.

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Buying And Selling: Seesaw Sales



Hurricane Housing: The World Katrina Made

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The Associated Press has done a Herculean job of covering the long-term effects of the 2005 hurricane season, keeping it where it should be--in the forefront of our memory. Case in point: This heartbreaking story about the trailer park life.
And just in case you thought this was a new thing, folks who're still stuck in trailers from the 2004 Florida hurricane season will soon be forced to pay rent or be ass out.

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Hurricane Housing: The World Katrina Made



Buying And Selling: Seesaw Sales

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"A lot of consumers have been having affordability problems, which is why a lot of them have been taking out ARMs," said Chen. "But with ARM rates rising, fewer people have been able to afford a home, which was also behind last week's decline in applications."
Note the fact that things are still considerably less than sunny in South Florida, and you can get the picture.

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Buying And Selling: Seesaw Sales





Found via Daily KOS : Florida developers are using "eminent domain" to kick homeowners out in favor of expensive new condos. One point they don't really get is that as more people use creative mortgage products (ARMS, HELOCS, reverse mortgages, etc.) just to keep their payments low, that will lead to fewer and fewer genuine payoffs, more foreclosures, and more empty developments. The bank ends up owning you, and the state ends up owning your home.

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Moving and Relocation: "Eminent Domain" On The March



Santorini Condo Costs Adjusted Upward

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This time it's Santorini, part of the massive mixed-use Renaissance Commons in Boynton Beach, near the Boynton Beach Mall. Late last year, the Promenade condo in downtown Boynton Beach returned reservation deposits and then offered buyers the chance to buy their unit again - for thousands of dollars more. But he vowed not to be deterred: "Riviera Beach is going to cross the goal line and be a model for the judicious use of eminent domain."

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Santorini Condo Costs Adjusted Upward



Developers Amass Condo Building Sites

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And she didn't change her opinion upon learning that less than two weeks after Spreng bought her house, he sold the Capretta property for $1.19 million to Lady Godiva Investment Holdings LLC, a company in which he's a principal. Developers are "flipping things all over the place," said longtime area condominium developer Jim Mack of Volusia Properties, who recently flipped his company's Key Largo project in Daytona Beach Shores.

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Developers Amass Condo Building Sites



Howard's Condos Are Hot

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Although prices for the 160-unit Plaza Residences at Columbia Town Center started in the mid $500,000 range, early reservations and increased demand have driven that figure to $600,000, said Bill Rowe, vice president for WCI Communities. All told, Rowe said the development firm has taken reservations for 40 percent of the units, which range in size from about 1,500 square feet to 3,500 square feet.

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Howard's Condos Are Hot





The developer, Phil McCabe, has closed the sales center and temporarily suspended sales at the mid-rise condominium, saying he will wait for the market to improve before opening his arms to buyers again.
"It was just my judgment that the market was too much in turmoil for me to proceed at this time," said McCabe, president and CEO of Gulf Coast Commercial Corp. Following a national trend, there has been a shift in the Naples market.

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FLASH: Naples Florida - from white-hot to "the market has totally collapsed". Wow.



In four years...

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We'll be upset that Social Security benefits don't start until age 75 in a few years
We'll wonder how our kids will ever be able to pay off the $11 Trillion Reagan/Bush debt

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In four years...





The report provides the number of people moving into and out of each state and the 25 largest metropolitan areas. Among the 25 largest metropolitan areas, 18 had more people move out than move in from 2000 to 2004. New York, Los Angeles and Chicago - the three biggest metropolitan areas - lost the most residents to domestic moves. The New York metropolitan area had a net loss of more than 210,000 residents a year from 2000 to 2004.

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18 of Top 25 Cities Losing Population Rapidly





Find More At Google Blogsearch. For those unfamiliar with Fleckenstein, he is the president of a hedge-fund management company, Fleckenstein Capital, and writes a column on his own website, which requires a paid subscription to view. In the msn column, headlined " The housing bubble has popped," Fleckenstein sets about yet another game of connect the dots in coming to the same conclusion most every visitor to this blog has already reached.

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More Evidence Every Day That Bubble Has Popped