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Housing Crisis article from Zillow.com

America is in one of the worst housing crisis in history, yet 49% of U.S. homeowners believe their home's value has increased or stayed the same over the past year, according to Zillow's Q3 Homeowner Confidence Survey. In reality, 74% percent of homes have lost value in the past 12 months, according to preliminary findings in Zillow's Q3 Real Estate Market Reports, which will be released Nov. 12. Other findings from the survey: Supporters of Republican presidential nominee John McCain have more confidence about their homes' values than supporters of Democratic nominee Barack Obama. Fewer people expect to buy or sell a home in the near future: Three percent plan to sell their home in the next six months, down from 5 percent last quarter. Three percent plan to buy a home, down from 4 percent in the second quarter. ...and much more!

Latitude on the River Unit # 3611 for Sale

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Reduced to $525,000 MLS# M1271573 Location 185 Sw 7 St, Unit #3611 Miami , FL 33130 County Miami-Dade Country USA Beds 3 Baths 3 Sq.Ft 1,486 WOW !!! Ocean, City, Bay and River views make this unit a must have. Designed by Arquitectonica, and located within several blocks of Mary Brickell Village and 1 block walking distance to Publix. This 3 Bedrm 3 Bath Corner unit with huge balcony is perfect for soaking up the Downtown/Brickell flavor. Unit includes: Impact Windows,marble flooring,Snaidero Italian kitchen with granite counters,Stainless steel appliances, and 9 ft ceilings. Amenities include : Theatre Rm,Business Center,and Infinity Pool. Call " The Charting a course Team " at 786-269-3247

Gables by the Sea prime acre lot. Reduced $ 399K

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Beautiful acre lot situated in the gated community of Gables by the sea. Prime real estate to build dream home among multi million dollar homes in the area. Call The Charting a Course team for more information.

Gas prices force buyers to rethink suburbs

WASHINGTON – Aug. 12, 2008 – High gas prices are affecting American workers' attitudes toward commuting and are prodding many to trade in their large homes in the exurbs for smaller, more urban properties. Buying a 6,000-square-foot home with a large yard and a sport-utility vehicle to boot made sense when gas and property prices were low, economists say, but gasoline is now cost-prohibitive for many. If the federal government lifts the heavy gas subsidies that encourage suburban growth, many Europeans pay $8 a gallon for gas, suburban residents will abandon their properties en masse and move in closer to urban transit stations. "What were pluses of that lifestyle are now liabilities: a big SUV, a big home to heat, the energy needed to mow the lawn," says CEO Tom Darden of the Raleigh-based real estate conversion group Cherokee Investment Partners. The firm takes properties close to transit centers in urban areas and develops them into housing. Properties in the Washingto

The US is FOR SALE ( Top Ten Cities with most inventories)

Miami September, 2007: 79,154 September, 2006: 61,945 Change: +27.8% PRI: 38.1% Los Angeles September, 2007: 111,269 September, 2006: 91,987 Change: +21% PRI: 45.9% Houston September, 2007: 39,332 September, 2006: 33,955 Change: 15.8% PRI: 36.7% Sacramento September, 2007: 40,195 September, 2006: 36,720 Change: 9.5% PRI: 51.4% Boston September, 2007: 43,158 September, 2006: 45,828 Change: -5.8% PRI: 48.4% Washington September, 2007: 52,854 September, 2006: 48,146 Change: +9.8% PRI: 46.8 Phoenix September, 2007: 54,536 September, 2006: 45,120 Change: +20.9% PRI: 47.1% Tampa September, 2007: 58,601 September, 2006: 51,922 Change: +12.9% PRI: 42.3% Chicago September, 2007: 82,839 September, 2006: 70,657 Change: +17.2% PRI: 40.8%

Greenspan sees housing bottom, criticizes bailout

WASHINGTON – Aug. 15, 2008 – Alan Greenspan usually surrounds his opinions with caveats and convoluted clauses. But ask his view of the government’s response to problems confronting mortgage giants Fannie Mae and Freddie Mac, and he offers one word: “Bad.” In a conversation this week, the former Federal Reserve chairman also said he expects that U.S. house prices, a key factor in the outlook for the economy and financial markets, will begin to stabilize in the first half of next year. “Home prices in the U.S. are likely to start to stabilize or touch bottom sometime in the first half of 2009,” he said in an interview. Tracing a jagged curve with his finger on a tabletop to underscore the difficulty in pinpointing the precise trough, he cautioned that even at a bottom, “prices could continue to drift lower through 2009 and beyond.” A long-time student of housing markets, Mr. Greenspan now works out of a well-windowed, oval-shaped office that is evidence of his fascination with the housi

412 Alminar Ave Coral Gables, Florida 33146

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Reduced to $319,000. Property is 100k under county market value. This 6,680 sq.ft. lot in Riviera section has a 2/1 with a 1/1 garage conversion with great bones. Add on and remodel or knock down and build dream home. Seller relocating. Wont Last Popular Riviera section steps awat from Merrick Park, University of Miami, Doctor's Hosp. and Riviera Country Club. * Coral Gables Elementary and/or Sunset Elementary. * Ponce de Leon Middle * Coral Gables Senior Visit www.dadeschools.net for school information