Fannie Mae to Increase Lending Standards...

In a move to tighten lending standards, Fannie Mae, the largest lender in the US has changed its required minimum credit score to qualify from 580 to 620. The new standards reflect the growing concern among lenders about recent loans made. The stricter standards apply to those who have a  20% down payment,...

New Homes Sales Rise 6.2%. htt…...

New Homes Sales Rise 6.2%. http://tinyurl.com/yh3cov4

October Home Sales Rise 10.1%...

A surprise awaited for the stock market today, with the release of Home Sales data early in the morning, helped spark a rally among home-builders, and REITS. Home Sales data from the National Association of Realtors showed a jump in home sales of 10.1% from Sept. Nation wide home sales are up nearly...

New Homes Magazine Market Upda…...

New Homes Magazine Market Update – http://eepurl.com/e9l7

Home Sales in Southern California Rise i...

Home prices rose, slightly in Southern California in the month of October. This is the 16th month in a row, that show a sales increase from a year earlier. Orange County was up in pricing by 3.9% The average price per square foot paid was $170 throughout Southern California’s 6 Counties. Resales...

Getting the Most Out of The Federal Tax ...

The building industry got a huge boost last week with the announcement of the extension of the Home Buyer Tax Credit, and a few changes to include more potential buyers. The Fed has expanded the home buyer tax credit to include first time move up and move down buyers as well. Currently the plan will...

First Time Buyers are Helping Rescue Hou...

Realtor’s chief economist released his Housing and Economic Forecast on Friday, and as expected it reports better than anticipated results for housing and the tax credit. “Given the success of the first-time buyer tax credit to date, and the need for qualified buyers to continue to absorb inventory...

Home Prices Sink in Most Parts of US...

Today, the National Association of Realtors, said home prices fell in the 3rd quarter in most parts of the country….BUT home sales continued their climb. Quarterly sales outpaced 2nd quarter numbers and the previous years figures. 123 of 153 metro areas, saw prices fall compared to a year ago....

Housing Prices Begin to Stabilize in US...

Home prices typically lag sales, but they are beginning to pick up!!! The first time home-buyer tax credit created an additional 350,000 buyers into the market, according to the National Association of Realtors. Zillow finds that 21% of homeowners have a negative equity position in Q3 compared to 23%...

New Homes in Hemet...

New homes in Hemet, Ca by K.Hovnanian http://www.socalnewhomes.com/Hemet/K.%20Hovnanian�%20Homes�/khov1.html Priced from the $200,000s Single Story homes, in a resort setting, for active adults.

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