Rob Drakeley

DRAKELEY REO's

PO BOX 1200
Southbury, CT 06488


Cell: 203-605-0747   
Phone: 203-605-0747 

Housing Trends

November2009

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National market update

Pending Home Sales Rise for Record Eight Straight Months

Washington, November 02, 2009 Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®. More... Read more

NAR Commends Congressional Action to Extend Higher Mortgage Loan Limits

Washington, October 30, 2009 The resolution would extend the present loan limits for FHA, Fannie and Freddie through the 2010 calendar year at 125 percent of local median home sales prices, up to a maximum of $729,750 in high-cost areas. The floor for FHA is $271,050; the floor for Fannie Mae and Freddie Mac conforming loan limits is $417,000. More... Read more

Housing Tax Credit Working, So Keep Momentum Going, NAR Urges Congress

Washington, October 20, 2009 Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit. More... Read more

National housing indicators

Existing home sales ()

5.57 million units*

Existing home median price ()

$174,900

Housing Starts ()

590,000 units*

New home sales ()

402,000 units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Qtr 09

67.6%

3rd Qtr 08

67.9%

The homeownership rate (67.6 percent) for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).

New home sales

Sept 09

-3.6%

Aug 09

+1.0%

Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000. This is 3.6% below the revised August 2009 estimate of 417,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Drakeley REO's service the REO industry exclusively! We guide first time home buyers through the process of purchasing a bank owned home or REO. With 21 years in the Real Estate retail industry & recent years as a Mortgage Loan Consultant, we are here to help, and service the public when it comes to purchasing or selling a bank owned asset. Read more

Our New Exclusive REO Real Estate Company. Selling Bank Owned Homes throughout Connecticut Exclusively for the Banks and Asset Managers Read more

Rob's a resident of Southbury & member of Sacred Heart Church w/an active role @ Pomperaug Elementary as Class Dad & PTO. RE Broker since 1997 & loan originator since 2012, NMLS#336022. Certified Distressed Property Expert. Member of Woodbury & Southbury Business Associations. Council of Residential Specialists. University of Miami class of 1995. Read more

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Consumer tips & hot properties

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Selling Your Home? Most-Value, Quick-Fix Updates

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New Credit Card Legislation to Affect All

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Sports Fans Live Here

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Always Wanted to Live in a Mansion? Now You Can!

Have you been eyeing certain properties with gorgeous views, sprawling grounds, 5+ bedrooms? Check with your Realtor because the recession has slashed prices. It's time to buy your dream mansion. More... Read more

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How to Select a Storage Facility

There will be a time in your life when you need offsite storage for some or all of your household items. Learn what to look for when choosing a facility to keep your belongings safe and secure. More...
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Existing Home Statistics

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