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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Top Cities For Home Sellers
Which city has the most favorable housing market for homeowners looking to sell? Raleigh, N.C., according to a Forbes.com study, which features a slideshow of its top-rated metros. The Web site looked at cities' supply versus demand ratio and evaluated factors like current sales rates, changes in those rates and price stability. Data from Moody's Economy.com and the National Association of Realtors was used. Positive factors boosting Raleigh's housing market are a lack of a significant inventory glut and a healthy local economy, Forbes.com says. San Francisco was ranked as the second-best U.S. seller's market, followed by Austin, Texas; San Antonio; St. Louis; Houston; Portland, Ore.; Dallas; Denver and Baltimore. While Seattle is generally a favorable market for home sellers, there was insufficient data to include that city in its ratings, Forbes.com says.
BofA's no fee loan selling like hotcakes? from Inman News Bank of America Corp.'s no-fee mortgage has helped the lender boost purchase applications by 40 percent "after adjusting for changes in overall market activity," Reuters reports, and BofA is working on a similar product for those seeking to refinance.
The news service quoted Floyd Robinson, the president of the bank's consumer real estate and insurance services, who spoke at a real estate summit Reuters is hosting in New York.
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