National News
Existing Home Sales Report
January 27, 2010 by Pat Williams · Leave a Comment
Synopsis: Home sales fell in December 2009. This was expected after the deadline rush for the taking advantage of the first time homebuyer tax credit. Overall home sales for 2009 were up over the 2008 numbers. Median prices are up for single family homes and condos over 2008 but distressed homes continue to distort the [...]
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Pending Home Sales Down from Surge but Higher than a Year Ago
January 8, 2010 by Pat Williams · Leave a Comment
Washington, January 05, 2010 Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on [...]
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Not Surprised States with Highest Foreclosures have Highest Stress
November 12, 2009 by Pat Williams · Leave a Comment
The Associated Press released an article siting the states experiencing the highest number of stressed people. No wonder those most stressed are the people residing in states experiencing the highest number of foreclosures. High Stress in High-Foreclosure States People in many parts of the country continue to be stressed over the lousy economy and foreclosures, [...]
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Homebuyer Tax Credit Extension
November 3, 2009 by Pat Williams · Leave a Comment
Via office memo: Tax Credit & Expansion Expected The Senate last night cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers. By an 85 to 2 roll call vote, the Senate voted to cut off debate on a package of measures that includes the homebuyer credit, making [...]
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August 2009 Pending Sales Data
October 2, 2009 by Pat Williams · Leave a Comment
Lawrence Yun, NAR chief economist, discusses the statistical data up to August 2009 and explains what the information is telling us about the market. Video: Key Points: Pending sales are up all over the country. A monthly increase of 6.4% and an annual increase of 12.4%. The disconnect between pending home sales figures and existing [...]
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Pending Home Sales have Seen an Increase of 3.2 Percent
September 14, 2009 by Pat Williams · Leave a Comment
Video: The National Association of Realtors® announced the Pending Home Sales Index has seen an increase contract activity for six straight months. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit.” Lawrence Yun, Chief Economist & Senior [...]
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Good News for First Time Home Buyers and the Housing Market!
May 13, 2009 by Pat Williams · 1 Comment
An announcement was made at The Real Estate Summit: Advancing the U.S. Economy today that will help people to buy a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” [...]
