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As Featured On EzineArticlesWealthy IRA News You Can Use and Real Estate Blog Updates

February 23, 2009

Real Estate News

ORLANDO, Fla./PRNewswire/ First-time homeowners and investors are capitalizing from the current condition of the real estate market. “Many people are looking at today's market and seeing opportunities to find the home or business they've always wanted,” said previously by FAR President Cynthia Shelton.

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February 16, 2009

Banking News The Mortgage Bankers Association recently reported previously that during the fourth quarter of 2008, almost 12% of American home mortgages were delinquent.  Nearly 5.5 million U.S. homeowners!   Bank of America (21.13% market share), Wells Fargo (18.3%), JPMorgan Chase (15.44%), and CitiMortgage (8.32%) own about 63% of the mortgage service market.

Real Estate News U.S. Banks are sitting on tens of thousands of foreclosed properties and anxious to sell, offering properties in many instances for only 10 to 50 percent of the original loan value. Some properties are even selling for prices not seen in the real estate market for over a quarter of a century.  Investors are even buying real estate with their IRAs and retirement accounts. For more information,
visit: www.WealthyIRA.com.
 

February 6, 2009

Real Estate News, LOS ANGELES– “Home sales increased 100.8% in January in California compared with the same period a year ago, while the median price of an existing home fell 40.5%,” the California Association of Realtors (CAR) reported recently. “Statewide sales in January edged past the 600,000 threshold for the first time since October 2005,” said CAR President James Liptak. “The strength in California home sales in recent months signifies that the market is gradually working its way through the large numbers of distressed sales that have followed in the wake of the troubled mortgage problem. With favorable home prices and historically low mortgage rates, affordability in the California housing market is now at it’s highest since the start of the decade.”

Overall sales volume has increased in California by 20.5%, from $1.32 billion a year ago to $1.58 billion in January this year, the Inventory Index has decreased by almost 10 months, and the median number of days to sell a home decreased by almost 21 days. In other words, market forces are working in the California real estate market.

401K News Critics fear financial markets are overly dependent on 401K investments in the Stock Market. Some investors are turning to self-directed IRAs as a means of safeguarding their retirement portfolios. Editors at RPIC report a significant rise in self-directed IRAs as a means of funding property investments. For more information, visit: www.WealthyIRA.com.

 
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