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Archive for Sunday, February 28, 2010

Mortgages

February 28, 2010

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The Douglas County register of deeds recorded 46 mortgages in the weekly period ended Thursday. Breakdown by dollar value:

$50,000 and below.................... 17

$50,001-$100,000.........................6

$100,001-$150,000 .....................16

$150,001-$200,000 ......................5

$200,001-$300,000.......................1

$300,001-$400,000...................... 0

$400,001-$500,000...................... 0

More than $500,000 .................. 1

Comments

toe 4 years, 1 month ago

How true. It will get worse. Prices of homes have not adjusted as they should have due to government interference in the free market. When the tax credits expire and interest rates move off of historic lows, prices will fall and will fall steadily for many years. Inflation does not occur on all items at the same time. So even if inflation likely hits energy, food, and many import items, real estate will remain troubled.

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kansasmutt 4 years, 1 month ago

The numbers just keep dropping and dropping. When this started it was around 150 a week, but now as time passes it gets lower every week. Most are refi`s i would bet.

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