Arizona could miss out on a congressional seat because of poor response to the census. Additionally cities and counties will receive less federal and state revenue that is apportioned on population. Census personnel will visit homes that did not mail in a census form tomorrow (Saturday, May 1). Please help your community and be counted.
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Mortgage volume hit a six month high last week rising 7.4 percent over the prior week on a seasonally adjusted basis. Click on the link below to read more.
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That is how the home buyer tax credit program is described. Critics say two thirds of the buyers would have purchased anyway. Sen. Johnny Isakson (R, Georgia) thinks that the credits may have been the incentive to get buyers who would have purchased a home in 2012 or 2013 to buy in 2009/2010, when it was needed.
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Resource: REALTOR.org & CNN
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REALTOR.org had a number of articles yesterday that indicated we may be on the road to recovery.
- The number of vacant homes fell slightly in the first quarter to 2.6 percent from 2.7 percent in the third quarter of 2009.
- Some economists are saying that it’s time for the Federal Reserve to raise interest rates.
- Metrostudy, which researches the housing industry, says demand is forcing up prices in some markets.
Resource: REALTOR.org
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Home builders are grabbing building sites, especially those with utilities. This is a good sign for their actions indicate their belief in a market turnaround.
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