New Home Sales Down 7.6% In December.
According to this article from the AP, new home sales fell 7.6% last month.
The Commerce Department said December sales fell to a seasonally adjusted annual rate of 342,000 from an upwardly revised November pace of 370,000. Economists surveyed by Thomson Reuters had forecast a pace of 370,000 for December.
It’s mildly surprising given that the home [...]
U.S. Mortgage Refinancing Applications Rose in the First Week of 2010.
It seems like only yesterday that we were hearing about Option ARM Mortgage rates resetting, and that holders of those loans were unable to refinance because their house was worth less than the mortgage…. Oh, wait… it was yesterday.
Well, even so, things appear to be confusing in the housing market and mortgage industry [...]
What you need to know about buying a foreclosed home.
To say that this is a buyer’s market is an understatement to be sure, but that doesn’t mean it’s a no brainer. While there are an unprecedented number of homeowners walking away from their mortgage, creating a record number of foreclosures, it’s still easy to make costly mistakes. Here are some tips to ease the [...]
How Not to List Your House.
If you’re bored, or just want a quick giggle at some of the most bizarre and ridiculous real estate listings world wide, check out It’s Lovely! I’ll Take It!
Each listing comes complete with a photo and a link to the original listing (see need to be seen to be believed!).
If you’re thinking of listing [...]
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