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foreclosures

Thumbnail image for View from the Bridge: Australians Far Too Complacent About the Economy

View from the Bridge: Australians Far Too Complacent About the Economy

Despite the monumental shift in the World economy and the considerable distance we still have to travel to recover and restructure, the Australian media, Reserve Bank and the population as a whole has decided to put their heads in the sand. The overwhelming sentiment is that Australia has in some way missed the worst of the economic crisis and is powering ahead. Sydney real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes explains that the decision of the Reserve Bank to lift interest rates from 3% to 3.25% today is testament to this way of thinking

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US Housing Market Update

Here’s some quick statistics on the current state of the US housing market: Foreclosure-related sales now account for up to 40% of all sales of existing US homes The median sale price for a new home has fallen from $US220,400 to $US218,400 Home sales are down 33.1% in the past year                  Simon Turner FYI: […]

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What goes up, can also come down!

If you’re new here, you may want to subscribe to our RSS feed. Thanks for visiting! It may seem obvious that what goes up must come down, but there are some property owners out there that are learning this the hard way. Quite simply, the appreciation of real estate is not a guaranteed birthright, nor […]

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