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Falcon Ridge Development Inc.(fka FCNR) RSS Feed

Followers
8
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37
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Posts (Total)
193
Created
01/05/08
Type
Free
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FCNR.OB

 

 

 

Claremont
Approx. 2148 sq. ft.
4 bedrooms
2 1/2 baths
Great room
Breakfast nook
Loft
 
Mendocino
Approx. 3606 sq. ft. (living area)
Approx. 962 sq. ft. (porch)
Approx. 4568 sq. ft. (total)
4 bedrooms
3 baths
Guest suite
 
Montebello
Approx. 4576 sq. ft. (living area)
Approx. 962 sq. ft. (porch)
Approx. 5748 sq. ft. (total)
4 bedrooms
3 1/2 baths
Home office
 
Napa
Approx. 1645 sq. ft.
3 bedrooms
2 baths
Dining room
Living room
 
Sausalito
Approx. 1363 sq. ft. (includes garage)
3 bedrooms
2 baths
Living room
Nook
One car garage
Sutherland
Approx. 2359 sq. ft.
2 bedrooms
2 baths
Great room
Arizona room
Living room
 
 
 

 One year weekly chart for FCNR.OB

 

Southeastern New Mexico's housing market  video:  http://www.truveo.com/Southeastern-New-Mexicos-housing-market-remains/id/3848708469#

 

 

 

The national residential real estate recovery has begun and by next June, the excess inventory of available homes should be absorbed, according to Alexis McGee, president of Foreclosures.com, a leading real estate and property information specialist.
“Recovery is underway. Affordable is back in the housing market,” says Sacramento-based McGee. “In 2009, housing will not only recover, but we’ll see buyers leap into this market in droves, depleting our housing oversupply, and actually putting higher price pressures on the market.”
Based on November’s foreclosure rates, McGee says the nation’s foreclosure hemorrhage has finally slowed and 2009 should see a significant decline in foreclosures as buyers return, pushing home prices up and fueling a real estate recovery.
New Mexico is in good shape currently McGee said as both its preforeclosure rates and repossession rates are among the lowest in the U.S. Just 1,300 homes have been lost by borrowers this year or .43 percent of total New Mexico households. In November, there were 122 homes taken by lenders in the Land of Enchantment. That was a drop from October’s 155 and considerably less than the 172 in March that represented the worst month thus far in 2008.
However, there were 522 preforeclosures in November in New Mexico that was the worst month of 2008. September’s 488 had been the worst prior to November.
The latest U.S. Foreclosure Index by Foreclosures.com shows a slight drop from 84,534 to 84,291 in the number of properties repossessed by lenders following foreclosure last month over October. These are REOs or lender-owned real estate. But that’s off nearly 21 percent from September’s 106,415 REO filings. Year-to-date, 12.6 of every 1,000 households nationwide have been lost to foreclosure.
“California is a great example of what’s happening now and what lies ahead for the housing sector. Long a leader in the subprime mortgage mess and rising numbers of foreclosures, the state’s foreclosures have slowed significantly,” says McGee.
In November, another perennial leader in foreclosures, Arizona, saw its REOs and pre-foreclosure filings drop 5.19 percent and 5 percent respectively, according to U.S. Foreclosure Index numbers. Arizona has lost the most homes in the U.S. to foreclosures on a percentage basis. Nevada ranks second and Colorado ranks seventh.

 

 
 
 
 
 
 

Forward-Looking Statements: Information on this web page may contain forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons including:  ability to continue as a going concern, adverse economic changes affecting markets served; and other risks and uncertainties as may be detailed from time to time in public announcements and SEC filings.  

Use caution when investing and educate yourself at the web sites of the Securities and Exchange Commission ("SEC") at /www.sec.gov/ and/or the National Association of Securities Dealers ("NASD") at www.nasd.com .

Note: The data and information provided here is for informational purposes only and all information is provided by the companies mentioned, or is available from other public sources. Fundamental analysis and stock market technical indicators are your responsibility, do your own research before you invest. Our recommendation is to never invest with more than you can lose. Penny stocks can pose significant risk to your capital. The author of the information mentioned upon the i-box HAS NOT been compensated by the company and is interested in making  open market purchases at strategic entry points.

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