NOVEMBER HOUSING STATISTICS for Lee County, AL

The following report is calculated by the Alabama Center of Real Estate. This report, along with more detailed information, can be found on their website: http://arerec.cba.ua.edu/ Are you considering a move into or out of Lee County Alabama? If you would like to receive these monthly reports, emailed directly to you, along with other local area information, feel free to contact me with a request.

NAR UPDATES: The marketplace is as vulnerable as ever, especially this time of year, to fraud. The Treasury has spelled out an alert and warns against "private offset bonds." Read, too, on how the Stimulus Plan will bring some changes to the market.:

A notice directed to REALTORS® warns about scammers' attempts to use fraudulent bonds to buy houses. If a buyer tries to use a "personal promissory note" or "private offset bond" to buy a home, the matter might be an attempt at fraud and members should let the U.S. Treasury Department know, the Treasury's Office of Inspector General says.

REALTORS® Mobilizing for Stimulus Plan - NAR is mobilizing hundreds of REALTORS® to hold face-to-face meetings with elected officials to urge their support for NAR's four-point plan to calm jittery real estate markets and boost the economy. The four-point plan calls for the use of Wall Street rescue funds to ease the mortgage crunch by buying down interest rates, improving the home buyer tax credit, making 2008 high-cost conforming and FHA loan limits permanent, and protecting consumers by permanently banning banking conglomerates from real estate brokerage.

Active in Alabama, Mara Hawks, REALTOR with FIRST REALTY of Auburn, AL, #1 Real Estate Team in Lee County, THE LEADER in professional real estate services in Auburn, Opelika & Lee County for over 3 decades! Committed to INTEGRITY, KNOWLEDGE & SERVICE.

SEARCH FOR HOMES IN AUBURN-OPELIKA, ALABAMA at www.marahawks.com