Tuesday, August 28, 2007

The Market & some fun information...

Did you know that on this date in history....

St. Augustine, Florida was established in 1565. It is the oldest surviving European settlement in the United States.

Henry Hudson discovered the Delaware Bay in 1609.

Germany declares war on Romania and Italy declares war on Germany in 1916.

Today is Dream Day (Martin Luther King Jr. gave his famous "I Have a Dream" speech during civil rights rally at the Lincoln Memorial in Washington, D.C. in 1963.)

On another note, the mortgage debacle that we are all witnessing has definitely added to the real estate woes. Unfortunately, the number of available homes on the market is continually increasing. Granted, not at break-neck speeds, but increasing none the less. There are well over 9 months supply of inventory on the market and these numbers will rise as the builders are offering some great deals that are basically undercutting the pre-owned homes market.

Personally, I do have some listings, but have also turned away many as of late. It should be noted that I also sell new homes as well. You should never purchase real estate without some sort of representation on your side. You do not pay any more for a home if you utilize a realtor. Actually, in many instances you may pay less and get more for your money.

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