Archive for November, 2009

Existing Home Sales Report October 2009


Diana O’lick of CNBC reports that Existing Home Sales jumped 10.1% in October.  Nearly 6.1 million Units sold which is up 23.5% from October, 2008, or year to year.  These numbers both mark record highs.
Home Sales were Up:
11.6% in the Northe East
14,4% in the Mid West
12.7% in the South
1.6% in the West
The median home price [...]

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Fannie Mae New Deed For Lease Program


Fannie Mae Announced today a New Program for Home Owners who are facing foreclosure who dont qualify for a Loan Modification to sign the lease over to the Lender and then rent back the property for a year or more based on market rates.  This shows you how hard it is for banks to move [...]

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