Lee Forbes - with The Cegnar Team! #1 Preferred Agent! CRS, GRI, ABR, E-Pro

The government reported our first quarter of positive economic growth last week, indicating the recovery has begun. Yet investors kept the Dow moving up and down over 100 points four out of the five days, ending the week with a startling 249-point drop. Was this a bull market correction, or the return to a bear market? Who knows? The only thing certain is that investors aren't quite sure the economy is back on track.

Makes you wonder what it will take to convince them. The initial estimate for Q3 real GDP revealed the economy growing at a 3.5% annual rate -- way better than expected and the first rise in GDP in over a year. Happily, most of the advance was driven by consumption. Q3 GDP also showed home building UP at a 23.3% annual rate, its fastest rise since the '80's. Plus, Q3 corporate earnings reported so far show over 80% of the companies beating estimates, the highest rate in history.

On the jobs front, Initial Unemployment Claims dropped and the 4-week moving average hit a new low in the recovery of 526,000. Continuing Claims fell to 5.8 million. Positive news also included Durable Goods Orders UP for September, their fourth boost in six months. Most impressive of all, the Chicago PMI measuring Midwest manufacturing, shot up to its highest level in over a year. And the Richmond Fed index for Mid-Atlantic manufacturing logged its sixth straight month in expansion territory. All are favorable signs for U.S. manufacturing.

New or Newly Converted Condos:

To determine project eligibility on current projects with Fannie Mae go to www.efanniemae.com

click Single Family tab

click Reference materials

click Accepted Condos

click Appropriate State and review expiration date

Established Projects (90% sold & conveyed and owners control HOA)

Email opuscondospotapproval@wellsfargo.com to see if we have project approval.

If not, can submit to BPAG using streamlined "Established Condo" approval process

Possible FHA approved Condos:

https://entp.hud.gov/idapp/html/condlook.cfm

Sort by Project Name, City and/or State

FHA Spot Approval:

Must be 90% sold and closed

Must be 51% o/o or 2^nd home

Owners must have controlled HOA for 12 months

See FHA 921 and Answer key on Regional Builder Website

** Make sure to get a 921 filled out and review for the following:

1. # total units, sold and closed and investor %

2. Ensure no more than 15% of total units are delinquent on HOA dues

3. Ensure no person or entity owns more than 10% of the units

4. Ensure proper insurance coverage including Fidelity Insurance

www.GulfsideLand.com

Suprise! You spent all that money on a fance new PC or laptop hoping to speed up your user experiance only to see an agonizing start up time day after day.

So you would think it's just a bloated OS causing the long load times. Well I say nee, nee my friend. Nee nee...

Seems that there is a fancy little setting that needs to be flipped on that is unchecked out of the box. I was happy when a friend passed on this windows secret and now it's time to share.

As a default, Vista only boots using a single core processor. Most of us now have atleast a dual core centrino laptop or intel core two desk tops we are working with. So let's review the steps nessicary to boot using all available cores to get things really humming.

1. click the windows start button and type "msconfig" in the search box and open the msconfig program.

2. Navigate to the BOOT tab and click on the "advanced" button

3. You will see a crazy little place in the top left for you to change to the appropriate number oc core processors available. Make the change to match your system, mine was from one to two cores.

4. check the box "Detect HAL" just below the core count you just changed and consider setting the memory to what you got over on the right too.

5. Hit the apply and OK buttons till you are blue in the face and then happily restart you PC as requested by windows vista.

ZOOOOM... your off now using multi core boot! Should cut your boot time by atleast 30%!!!

Good afternoon! Ahhh, back to 80 degrees again and things are heating up at our weekly meeting as well. This week, attorney David Rosenberg will be sharing his vast knowledge on something we are very familiar with in the Sunshine State, “Dare to Share: The Truth About Fractional Ownerships and Timeshares.” If you, a parent, a friend, or a cousin are involved in one of these, you will definitely want to be at the meeting to hear David speak and ask him your questions. See you then! MIKE TULLIO, DIRECTOR (941)228-1020 CELL (866)415-7805 FAX WWW.MANAREIA.COM WHEN: Fridays from 11:45-1:15 PM WHERE: New China Buffet at 8341 Lockwood Ridge Rd. Sarasota, FL 34243 Click here for directions. We’ll gather in the meeting room to the right of the buffet. WHAT: A round table lunch and discussion of real estate topics and trends. We are open to investors, landlords, owners, renters, buyers and sellers. The focus of our meetings is on Information, Motivation, Education, Training and Networking. INFO: For more information call Mike Tullio @ (941)228-1020 or visit our website at www.manareia.com.

In spite of the negatives in the media, the housing market has several positive conditions smart buyers are jumping on now...

1. Low prices. The fact home prices have dropped is unfortunate for sellers and the economy, but for buyers it presents a golden opportunity they may never see again. Today's low prices mean buyers can get MORE HOUSE and a BETTER NEIGHBORHOOD than they've been able to afford before.

2. Fantastic rates. Mortgage rates are at 37-year lows. We may not see rates like this for a long, long time. Each 1% drop in interest rates roughly translates into a 10% boost in purchasing power. Combined with today's low home prices, this adds up to real values that smart buyers don't want to miss.

3. Lots of choice. Today, buyers have lots of options to look at. This is great for first-time buyers who often like to see more. First-timers are also in a great situation because they don't have a home to sell. But all buyers benefit from choice... they have a better chance of finally getting exactly what they want in a home!

4. Negotiating leverage. Buyers who hate to negotiate will be relieved to know that in today's buyer's market, they have all the leverage. So it should be a lot quicker and easier for them to negotiate their best deal right now.

5. Bottoming signs. All down cycles eventually turn around. No one knows when, but there are encouraging signs housing prices may be stabilizing in parts of the country. Recent numbers from the Federal Housing Finance Agency show home prices UP 0.6% in the Mountain states and UP 0.2% in New England. Imagine that!

Bottom line: buyers have a fabulous opportunity to purchase a great home they can really afford – low market prices – at great monthly payments. But it won't last!