Break out your “dusty shoes” on November 5th!
You’re invited to take a first look at the Cornerstone Models and enjoy refreshments on us!
KHov Cornerstone Model Event
KHov.com/socal
888-345-2324
Sales of previously owned homes in the US rose more than expected in the prior month. There is still a large amount of homes for sale, but this is a surprise increase in May.
N.A.R (National Association of Realtors) Home Sales Index increased by 8.2%, jumping higher from the dismal numbers in April....
Last month, applications for Mortgage demand reached its highest point in nearly 3 months, due to falling interest rates.
Surging demand to purchase and refinance homes helped fuel the biggest percentage gain in applications since March according to the Mortgage Bankers Association. The seasonally adjusted...
Median sales prices have dropped again in May, suggesting a slower than expected growth rate in price stability. The poor performance can be attributed mainly to buyer uncertainty, tight credit, and the pesky unemployment rate staying higher than normal.
Home sales themselves are also lower than expected...
Federal Reserve Chairman, Ben Bernanke spoke to Congress on Tuesday noting that the job market and the overall economy has begun to weaken. Mainly due to higher energy prices, weather, the Japan crisis, and consumer confidence. Though he also noted he expects the weakness to be short-lived and...