- Should one do Short Sale or let bank do the Foreclose - Should one sell their home in Short Sale or let bank Foreclose", which is very easy to understand, and I want to
- US housing complex in racial row against Indians. The US Justice Department has filed a lawsuit against an apartment complex in Washington state for racial discrimination .......
Obama's New Home Rescue or Loan Modification in 7 simple
steps. At the heart of the President
Barack Obama's ambitious plan to rescue the housing market
- US home sales surge to highest level
in two years
Washington, Oct 23: Sales of existing homes
in the US surged 9.4 percent in September to
their highest level in more than two years,
figures from an industry group showed Friday,
in a strong sign that the country's housing
crisis may be easing.
The National Association of Realtors (NAR)
said home sales climbed to an annual rate
of 5.57 million in September, up 9.4 percent
from August and 9.2 percent from September
2008. It is the highest sales rate since July
The sharp rebound is largely thanks to a
government tax credit for first-time buyers,
aimed at bringing the housing sector out of
a massive slump that began in mid-2006. Congress
is considering extending the tax credits,
which are set to expire Nov 30.
"The rising sales momentum needs to
continue for a few additional quarters until
we reach a point of a self-sustaining recovery,"
said Lawrence Yun, an economist with NAR.
We are hopeful the tax credit will be extended
and possibly expanded to more buyers, at least
through the middle of next year," Yun
The housing downturn was the chief cause
of the global financial crisis, as a record
number of mortgage defaults by homeowners
cost Wall Street hundreds of billions of dollars.
Spelling's $150 Million House for Sale- The
most expensive home for sale in the United
Dhillon, Sacramento: a nationally syndicated
real estate columnist
Can't pay? Just walk away
and more borrowers are watching their house
values sink while the cost of their loans skyrockets.
What to do? Skip out on the mortgage all together.
© 1997-2006, NRIrealtor.com,
div. of GTI, 1997. All rights reserved