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Buyers Rush to Beat Tax Credit Deadline
Written on 17 Aug, 2009 at 18:59 in Blog, News | viewed 77 views times and users have made 0 comments so far
Real estate professionals report that first-time home buyers are flooding the sale market, pressed to finalize a deal before the federal government’s $8,000 tax credit offer expires on Nov. 30. Because mortgage approvals, residential inspections, and other steps in the... (Continue reading)
Pending Sales of Existing Homes in U.S. Surge 3.6%
Written on 4 Aug, 2009 at 8:11 in News | viewed 79 views times and users have made 0 comments so far
Aug. 4 (Bloomberg) — The number of contracts to buy previously owned homes in the U.S. rose in June for a fifth straight month and exceeded economists’ forecasts, as lower prices and mortgage rates attracted buyers. The 3.6 percent gain... (Continue reading)
FORECLOSURE RISES DESPITE ECONOMIC STIMULUS
Written on 16 Jul, 2009 at 16:18 in Foreclosures | viewed 92 views times and users have made 0 comments so far
The foreclosure crisis continued to grow in the first half of 2009, affecting more than 1.5 million homes, according to a mid-year report from foreclosure listing service RealtyTrac Inc. The report cites a 9 percent increase in total properties in... (Continue reading)
Home prices drop, but at a slower rate
Written on 30 Jun, 2009 at 7:28 in News | viewed 73 views times and users have made 0 comments so far
S&P/Case-Shiller index down 18.1% year over year, but monthly drop narrows to 0.6% in April. By Les Christie, CNNMoney.com Last Updated: June 30, 2009: 9:44 AM ET NEW YORK (CNNMoney.com) — Home prices continued to tumble in April, falling 18.1%... (Continue reading)
Housing Foreclosures Fall in May
Written on 11 Jun, 2009 at 17:15 in News | viewed 67 views times and users have made 0 comments so far
Foreclosures declined 6 percent in May compared to April, but the number is still an increase of 18 percent compared to May 2008, reports RealtyTrac. “May foreclosure activity was the third-highest month on record, and marked the third straight month... (Continue reading)
Pending Home Sales Increase
Written on 2 Jun, 2009 at 17:19 in News | viewed 81 views times and users have made 0 comments so far
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5. Lawrence Yun, NAR... (Continue reading)
HOME SALES ROSE 2.9% in April 09
Written on 27 May, 2009 at 8:32 in News | viewed 82 views times and users have made 0 comments so far
WASHINGTON (Reuters) – Sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom. The National Association of Realtors... (Continue reading)
“The First Time Home buyers Tax Credit of $8000 can be now used as a down payment.”
Written on 14 May, 2009 at 19:15 in Blog | viewed 180 views times and users have made 0 comments so far
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. Donovan’s remarks came... (Continue reading)
REAL ESTATE STABILIZATION
Written on 13 May, 2009 at 17:17 in News | viewed 75 views times and users have made 0 comments so far
Price Stabilization Is First Step to Recovery Home prices must stabilize before the broader economy can turn around, a panel of housing and economic experts said yesterday at a real estate summit hosted by the NATIONAL ASSOCIATION OF REALTORS® as... (Continue reading)
THINKING OUTSIDE THE BOX!!!
Written on 11 May, 2009 at 16:37 in Buy/Sell | viewed 213 views times and users have made 0 comments so far
Getting buyers off the fence isn’t easy. Listing agents from coast to coast say now is the time to think outside of the box. These tactics could help you get the property sold. 1. Organize a Raffle Partner with a... (Continue reading)