Home sales rebounded in 49 states in Q4, and 78 markets had price gains over last year

Data provided by: NAR  Metropolitan Area Existing-Home Prices and State Existing-Home Sales  The Quarterly Reports NAR releases statistics on state-by-state existing-home sales and metropolitan area median home prices each quarter. The state existing-home sales report includes single-family houses, condos and co-ops. The price report reflects sales prices of existing single-family homes by metropolitan statistical area…

Homeownership, Stable Communities Linked

Home owners are more active in their communities, benefit from improved education opportunities, and report higher levels of self-esteem and happiness when compared to renters, according to leading research. A new report from the NATIONAL ASSOCIATION OF REALTORS®, Social Benefits of Homeownership and Stable Housing, explores the impact of stable housing and the positive social…

Short Sale of Investment Property?

This is my response to a question asking about programs for short sales and whether short sales were possible for investment property: That program is called HAFA and is part of HAMP. That is: Home Affordable Foreclosure Alternatives act which is part of the Home Affordable Modification Program which was instituted with the agreement banks made…

Surge in Pending Home Sales Continues

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL ASSOCIATION OF REALTORS®.The Pending Home Sales Index, a forward-looking indicator, rose 6.0 percent to 110.9 based on contracts signed in April, from an upwardly revised 104.6 in…