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Do the 2010 Election Results Mean The Economy Is Finally Going To Recover - Dee Nofziger's Real Estate Update
Hi, this is Dee Nofziger, your Local Real Estate Agent in Toledo, Ohio. I wanted to touch base with this week's edition of Housing News. I will educate you on housing issues that affect homeowners in today's crazy times.
 Here is what I am going to cover in today's issue:
* Is the economy finally starting to recover?
* How To Pay Off Your Home 7 Years Sooner and Save Thousands On Interest
* Something Fun To Do While Exploring Northwest Ohio: Maumee Bay State Park. We had a great visit there with my family.
* Business Spotlight: Salon Uptown.
If you have any pressing real estate needs or questions, then you can reach me at (419) 260-1435. Or, e-mail me at dee@danberry.com.
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 The stock market just experienced its best October in seven years. October is a month many stock market investors fear. October was when some of the largest historic crashes happened: The Stock Market Crash of 1929, Black Monday in 1987, and October 2008. However, this year October was a great month for the stock market.
And it is continuing to climb. In addition, many business owners are optimistic again. A recent poll was conducted of prominent Wall Street Money Managers. A majority of them saw the stock market going up next year. And as we all know, as the stock market goes, so goes the rest of the economy.
I am optimistic about 2011. I think the real estate market will finally stabilize. Businesses will start hiring again. People will start spending money again. And before we know it, we won't be thinking about the recession anymore. Sometime next year, maybe spring or summer, the economists will release a report and tell us the economy has restarted.
And then we won't worry about it anymore. I think the economy will recover fairly quickly. Everyone gets real beat down during a recession.
Remember the recession in the early 90s? Everyone thought that our best days were behind us. Experts told us, "The Soviet Empire just fell. That means lots of unemployment in the former soviet bloc and slow growth for America."
Was it true? No. The same thing happened in 2001. People thought the economy would never recover. "The tech sector of the stock market is dead", they said. But look at where tech stocks are today. Many of them are at new highs. Americans will continue to innovate and compete on the world stage. And our economy will grow.
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How To Pay Off Your Home 6-8 Years Sooner and Save Thousands On Interest.
I've been thinking about it a lot. Wouldn't it be nice to have a paid off house? Life would be so much simpler. I would have less stress. I would also be able to enjoy life more when I (eventually) retire.
I could use that money for something else. And if the economy tanked again, I wouldn't be worried about a place to live. Fortunately, there is a pain free way to pay off your house 6-8 years faster on a 30 year loan.
It's called the Bi-Weekly Mortgage. The premise is that you pay half of your mortgage payment every two weeks. At the end of the year you will have made one extra payment. But, if you do this year after year, then you will pay off your mortgage 6-8 years earlier on average.
I was shocked when I realized how much money that would save me. 6 years of mortgage payments? If your monthly mortgage payment is $1,000, then you would save $72,000. What if you instead invested that money? It could be $100,000 when the 6 years is over.
The Bi-Weekly Mortgage is fairly easy to do because it coincides with most people's paycheck. It might actually help you manage your finances better if that's the first thing you pay on your paycheck. You won't have to worry whether you spent the mortgage money when the mortgage is due. 
To start a bi-weekly mortgage, contact your lender. Some of them charge to put you into the program. If you don't want to go with that option, then you can pay the extra money from the partial week at the end of the month and send it to your lender.
Just make sure to note on the payment that it is to be applied towards principal only. I have been told that Federal Law requires they apply it to principle and not interest.
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Something Fun To Do While Exploring Northwest Ohio: Maumee Bay Resort.
Sometimes I think we take for granted the fact that we live on what I believe is the 8th Wonder of the World - The Great Lakes. Maumee Bay Resort is nestled on the western end of Lake Erie in Oregon, OH. I've been there numerous times over the years. By car and by boat. But I never really knew the beauty of it until I spent a weekend last January in a cottage. I'd decided instead of spending oodles on Christmas gifts that nobody really wanted, I'd simply invite the family to a weekend in a Maumee Bay cottage - my treat! What a great time it was. There were 4 bedrooms, a very large living space with fireplace and fold out sleeping. A lovely well-stocked kitchen and even a screened porch and deck (it was minus 5 degrees that weekend, so needless to say, no porch or deck for us was used! Brrrrr.) When you rent a cottage you have unlimited access to the resort's inside activities, including the pools. We made homemade pizza on Friday night, decorated a gingerbread house on Saturday afternoon (ok, so the guys sat around and drank a little beer), and then roasted a pork loin that evening. After the kids were settled in, the adults went up to the lodge and listened to the jukebox in the lounge. Sunday morning was pancakes and packing up. Plus a last swim inside the resort. I'm doing the same thing this year as my family Christmas present. They're all so excited. For a video of Maumee Bay Resort, check out my Youtube Channel.
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What's Happening in Toledo?
Looking for something to do this weekend? Here are a couple of ideas.
Lights Before Christmas
@ Toledo Zoo
Friday, November 19th thru December 31st
www.toledozoo.org/events/lbc.html
Aminah Robinson: Voices That Taught Me How To Sing Exhibition
@ Toledo Museum of Art
begins Friday, November 19th
www.toledomuseum.org
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Business Spotlight: Salon Uptown.
I don't know about you, but I have trouble finding people to cut my hair. But the last year I have never strayed from Rochelle at Salon Uptown in Maumee, Ohio. Located at 115 W. Wayne St.
Maumee, OH 43537 Phone: 1-567-249-7952. Just give her a jingle ands she'll be glad to squeeze you in. She also does color and facial waxing. I adore her. Very reasonable, too!
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Searching for that perfect home? Here are a few that might meet your needs.
Price Reduced. 20335 Taylor in Weston Ohio is a short sale opportunity. Grand old victorian home with carriage house and pond.
Short Sale Opportunities on Brysen, 290th, Sandowne, Dryden, and Springcrest in Waterville.
5733 Kirkland in Sylvania School District isn't a short sale, but it's a great house. Reply to this e-mail for more info.
View your home here. Contact me to learn more about my marketing plan and how it can sell your home fast for top dollar. Reply to this e-mail, or call me at (419) 260-1435.
Well, that's all folks. If you have any real estate related questions, then please e-mail them to me at dee@danberry.com. Thanks for reading this. See you next week.
Warm Regards,
Dee Nofziger
Danberry Co., Realtors
Phone Number: (419) 260-1435
E-mail: dee@danberry.com
Short Sale Advice Website: Sunny with a Chance of Short Sale or Toledo Short Sale Blog
Homes for Sale Website: Toledo Real Estate Resource
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Nofziger's personal views and do not reflect the views of Danberry Co., Realtors. This information is provided as a courtesy to our viewers to help them make informed decisions.
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