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March 2010

Found 2 blog entries for March 2010.

Canadian mortgage rateThere is big news for those of you who pay attention to the mortgage market in Canada: starting April 19th the rules regarding mortgages will change and while not too dramatic, they will affect many homeowners and investors in Calgary Real Estate and across Canada. The motivation behind these alterations appears to be to prevent people operating within the Canadian real estate market from taking on too much debt. In order to achieve this goal, the government is enacting three major changes:

1/ Changes to qualifying rate:

The first big change within this new legislation will be to require those qualifying for a mortgage to have that qualification based on a five-year fixed rate regardless of the actual rate they negotiate. While those who are looking for

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US interest rate drop

Today's guest blogger is Eric Bramlett, who is the broker & co-owner of One Source Realty, a boutique Austin real estate brokerage. Eric currently manages his team of agents, and a number of websites, including his Austin condos website. 

According to reports, the percentage of home sellers in the United States who reduced their asking prices fell during the month of February. Furthermore, those who did reduce their prices reduced them at a slightly smaller rate than what has been seen in the past. At the same time, it should be noted that the median list price of homes did fall in January.

Some interesting facts as reported by the website Zillow.com include:

• 19.5% of homes listed for sale on Zillow were reduced in price at least one time by the

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