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Mortgage News for Monday - March 28, 2005

More Mortgage News
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• Inflation elevates interest-rate concerns
• Buying a Montana ranch? It's more than just real estate
• Real estate investing credited for economic upswing
Mortgage News
Buying a Montana ranch? It's more than just real estate - 2005-03-28
Roger Lang says he was an "absolute beginner" about what it truly meant to be a Montana ranch owner when he used some of his Silicon Valley millions to buy an 18,000-acre spread here.

One real estate agency's ranch listings has a 5,700 acres east of Great Falls for $7.2 million; 30,000 acres in the heart of Montana for $12.5 million; and 416 acres near Livingston for $3.8 million. The colossus is a 17,000-acre spread near the Idaho border, already in nonresident hands for some time and listed at $25.9 million.
Read the full story at AZ Central.com
 
Real estate investing credited for economic upswing - 2005-03-28
Metro Phoenix's economy stayed in the fast lane in 2004 because of the hot mix of rapid population growth, strong housing and job creation, according to MarketWatch, CB Richard Ellis' latest annual report.

The high-octane growth is helped partly by Arizona's housing market. The 2005 total for metro Phoenix is projected to be a repeat of 2004, when nearly 61,000 permits for single-family homes were issued, up from 48,000 in 2003.
Read the full story at MSNBC
 






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