Today - Cesar Chavez Day

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4th Annual Ride for AIDS     April 1
You can choose between one of three cycling courses. There will be a 10-mile cycle, 25-mile cycle, and a 50-mile cycle. These cycling courses can accommodate family, recreational, and competitive riders. Proceeds from this event will benefit HIV/AIDS research and service programs. 7:00 am - 1:00 pm. Admission: $25.00 [...]

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As green building gains popularity, many Americans are now incorporating energy efficient products and materials into their remodeling projects, according to a recent report from the National Association of Home Builders (NAHB). Last year, consumers spent more than $230 billion on home remodeling, and builders report an increased demand for items such as low-energy windows, [...]

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The dollar traded at a one-week high against the euro before a U.S. report forecast to show sales of new homes in February rebounded from a three-month low.
Strength in the housing market may reduce speculation that the Federal Reserve will cut interest rates. The U.S. currency recovered from a two-year low last week after [...]

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An interesting study was recently concluded by the National Association of Home Builders that identifies how various features in a home impacts the property’s value. The association’s Housing Economics Department created a house price estimator, based on data from the American Housing Survey, a nationally representative survey of about 60,000 housing units conducted by the [...]

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"Reports of the death of the condominium market are greatly exaggerated," said Bill Donges, CEO of the Lane Company, a builder of condos at points nationwide. "Despite the current slowdown in sales in some markets, condos won’t go away because people like them. "Today’s buyers want to live close to work, transportation, entertainment and retail [...]

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New homes in future years will remain about the same size, on average, but will vastly change and improve in comfort and sophisticated features. That’s the finding of a study recently completed by the National Association of Home Builders. The pace of changes in new homes will be much faster over the next 10 years [...]

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On February 27, Freddie Mac (one of the nation’s leading government-sponsored buyers of existing home mortgages) announced it will cease buying subprime mortgages that have a high likelihood of excessive payment shock and possible foreclosure. It will only buy subprime adjustable-rate mortgages (ARMs) that qualify borrowers at the fully-indexed and fully-amortizing rate. This means there [...]

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The number of existing-home sales in January rose significantly, reaching the highest level in seven months, according to a report from the National Association of Realtors. The increasing sales include single-family homes, townhomes, condominiums and co-ops. The sales volume rose by 3.0 percent from the previous month, to a seasonally adjusted annual rate of 6.46 [...]

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Despite a generally sluggish market, mortgage applications are rising, according to a report from the Mortgage Bankers Association. At the end of February, applications were up 8.8 percent over the same week a year ago.
Applications for mortgages to finance the purchase of a home increased 5.2 percent during the week ending February 23, compared [...]

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