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According to the National Association of Realtors (NAR), existing home sales in June rose by 3.6% to an annual rate of 4.89 million, the highest since last October. Lawrence Yun, NAR chief economist, said: "The increase in existing-home sales occurred in all major regions of the country." Analysts say that this signals moderation in ...
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Sales of newly built, single-family homes rose 11% in June, 2009 to a
seasonally adjusted annual rate of 384,000 units, according to numbers released by the U.S. Commerce
Department. Coming on the heels of an upwardly revised number for May, the gain
marks a third consecutive month of improved sales activity.
“This is good news ...
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Recent news headlines have caused confusion by mischaracterizing the new California Foreclosure Prevention Act as a 90-day moratorium and incorrectly stating that the lender must modify delinquent loans before it begins foreclosure. In reality, the foreclosure process for certain owner-occupied residential first trust deeds has been extended by 90 ...
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Brought to you by your Realtor®, Liane Thomas, and the California Association of Realtors®
With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure rescue companies” claim they will help save your home, but in reality are out to make a profit -- at ...
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CALIFORNIA HOMEOWNERS ARE BEING TARGETED BY CON ARTISTS OFFERING FORECLOSURE ASSISTANCE The U.S. Department of Housing and Urban Development (HUD) has issued a warning that California homeowners are increasingly becoming the target of con artists trying to loot families of their bank accounts with phony promises to avoid foreclosure. HUD ...
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Freddie Mac says housing sales are near bottom
Frank Nothaft, chief economist of Freddie Mac, said on Saturday that housing
sales are nearing a bottom, with foreclosures accounting for a third of all
sales. But you knew there's a "but" coming, right? Yup...Nothaft added that
unemployment and house price declines will ...
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An estimated 36,215 new and existing homes and condos sold in California last month, a 23.9% month-on-month increase from February and 47.4% year-on-year increase from March 08, according to a report published Thursday by San Diego-based MDA DataQuick Information Systems. March marked the ninth consecutive month of year-over-year sales ...
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