Crisis forces people to stay home permanently

December 22, 2008
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The deteriorating economic condition has forced Americans to stay and own their homes permanently. Less people are moving out with the movement of only 38.6 million people noted between 2006 and 2007. This is even lower than the moving rate between 1982 and 1983 which is also a year of economic slowdown.

This is starting to worry real estate brokers who are faced with lesser clients to get commissions from. Add to this the surge in the number of people seeking work as real estate agents and you get zilch!

House swapping anyone?

December 22, 2008
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Selling your house is not the only option available to homeowners these days, home swapping is!

A mansion owner in North Carolina has advertised with Craig’s List for a permanent swap of their 7,200-sqyare foot, seven-bedroom waterfront house in Charlotte, North Carolina in exchange for a beach home in Orange County with at least four bedrooms and a pool-sized yard.

The house up for swap in Lake Norman boasts of a deepwater dock, a pier and jet ski slip all within a refreshing sandy beach. However, the owner is also willing to sell or lease the house.

This advertisement may just start a home-swapping craze considering how difficult it is to sell real…