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GLG News by Residential Real Estate Agents

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July 18, 2007
Why invest in Costa Rica?
Analysis of: Real estate in Costa Rica’s new promised land | caribpro.com
Author: GLG Expert Contributor
Costa Rica offers a stable democracy, an abundant untarnished coastline, a well-educated population, and superb weather year round --- why else shouldn't you invest in Costa Rica?
Chetan NarainJuly 9, 2007
Reality of Realty in Mumbai
Analysis of: Mumbai buildings soar higer, rates drop | www.ibnlive.com
Author: Chetan Narain, President and Chief Executive Officer, Narains Corp Global Properties
Mumbai which is often touted as the 'Manhattan of India’ is ranked seventh among the most expensive cities in the world to do business and stay in. With property prices touching all time highs, the current scenario is being questioned and is labeled as a bubble by many.
Kenneth EganMay 21, 2007
Absolutely Correct!
Analysis of: Home sales: Worst drop in 18 years | money.cnn.com
Author: Kenneth Egan, Broker and Realtor, Re/Max All Cities Realty
Housing is hurting.  This will impact the economy as the "housing ATM machine" disappears. We are not even in the middle of this downturn. 
Mansur HasibMay 21, 2007
Price is Right
Analysis of: If You Must Sell, Name Your Price Carefully | www.washingtonpost.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
Deciding on a price is extremely important in the current market.  The author suggests waiting it out if sellers do not have to sell.  If they do they need to price towards the lower end of comparable sales rather than the higher end.
Mansur HasibMay 18, 2007
Fed Please Stay Away
Analysis of: Home sales: Worst drop in 18 years | money.cnn.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
The author suggests that since there is a greater than reported downturn in housing, the Fed should act soon and cut rates.
Mansur HasibMay 18, 2007
Where Are Mortgage Rates Headed?
Analysis of: Mortgage rates at highest level five weeks | www.msnbc.msn.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
Article points out that Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.21 percent nationwide this week, up from 6.15 percent last week and that it was at highest level for 30-year mortgages since they average 6.22 percent the week of April 12.
Mansur HasibMay 18, 2007
Help Is On the Way
Analysis of: The Bad News On Condos | www.washingtonpost.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
Condo sales in 2006 was half that of 2005 in the Washington DC area.  Several projects have been cancelled and some developers have been driven out of business. There is an oversupply of condos in the region.
April 22, 2007
Making Sense of the Sub-prime Mess in N San Diego County
Analysis of: Making Sense of the Sub-prime Mess in N San Diego County | western-realestate-investor.com
Author: GLG Expert Contributor
1.  All real estate markets are local2. Buying opportunities exist for investors in this part of N. San Diego County3. There is still time and opportunity for owners to refinance out of poorly structured loans, but it requires working with lenders and others
April 16, 2007
SW FL market
Analysis of: Why Investors Should Consider Real Estate | online.wsj.com
Author: GLG Expert Contributor
As we all know - the SW FL real estate market went wild for a number of years.  And, in Aug. of '05, it died a miserable - horrible death.....This market (residential) has languished for the past 1.5 years.  It has steadily declined throughout '06 and thus far in '07.  We have the rest...
Mansur HasibApril 10, 2007
Possible Effects of Housing on the US Economy
Analysis of: Blame Greenspan for this bubble, too | articles.moneycentral.msn.com
Author: Mansur Hasib, Independent Real Estate Salesperson, Long & Foster Real Estate Inc.
The article discusses the role of federal fiscal policy and its impact on the US economy and provides an interesting perspective that should not be ignored.The author is concerned that we are not treating the problems in the mortgage industry seriously enough.

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