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  • Home Sales Jump ~ April 2009

    Pending US Home Sales Surge Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived.  The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ...
    Posted to Market Update (Weblog) by 278262 on June 2, 2009
  • What is a Short Sale and do I want one?

    A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $500,000. The market value of the home is $350,000. Long story short, the lender accepts the offer for $350,000 and the home is sold.  That's a short ...
    Posted to Market Update (Weblog) by 278262 on December 26, 2008
  • Interest Rate Snapshot September 7, 2007

    Posted September 7, 200730 Year Fixed  6.06%15 Year Fixed  5.73%5/1 Arm           6.04%30 Year Fixed Jumbo   7.02%5/1 Jumbo Arm 6.48%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy weekend! Liane Thomas, REALTOR(R)Serving ...
    Posted to Market Update (Weblog) by 278262 on September 7, 2007