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Monday, November 17, 2008

November in Mexico Beach, Fl

Brrrr.....supposed to be chilly all week, with it dipping REALLY low at night. Freeze warning Tuesday night! I really, really, really dislike the cold. It does get cold here, the only saving grace is that it doesn't last long! We'll have a few days of really cold weather, and as long as the sun is shining, its bearable. But it will really only last a few days and then it's not so bad!

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On the fishing front---snapper are out but you can still catch grouper. We've had some exceptionally calm water out there lately! You will probably have to go out a ways to catch most of the grouper, but what a better way to spend a day!!!!!

If interested, of course----www.charterboat-missmary.com

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On the real estate front: My newsletter with specific stats will be out the first week of December, but not a lot going on! A couple of gulf front townhouses, short sales, are now under contract, as well as a townhouse off the beach and a single family home-----so there is activity, just not a lot! I'm in negotiations with a couple myself.

Florida is #2 in Foreclosure filings for October. The information is from Realtytrac.com. I've watched this website quite a bit and I don't think its real accurate, but it does give a ball park.
According to Realtytrac 1 out of 157 housing units have filed foreclosure. That is up a whopping 80% over October of 2007. That's pretty staggering!!!!

Nevada is #1 and Arizona is #3 in foreclosures.

On an encouraging note, the Mortgage Bankers Association said applications for new mortgages are up 11.9% for the week of November 7th.

Which is certainly understandable-----the foreclosures are up, which means the prices are down, so the buyers are buying!!!!

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I know in our little area here, the foreclosures are not primary homesteads, they are investment properties gone awry!
There are deals out there!

Not a great time to sell-------UNLESS--you've owned the property a long time, in which case you still have great equity! If that is the case and you want to sell, then it must be listed at a realistic price and it will sell!!!!!

Great time to buy as some prices are back down to 2001-2002 pricing!

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Well, I pray everyone has a great week. I know that there are a lot of people who are worried about their jobs and the economy in general. I certainly pray for all Americans and the President, especially in these times. Please keep the faith!

Mary

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