Yearly Archives: 2010

Existing Homes Sales up 10% in September…What Does It Mean For The Market?

According to the National Association of Realtors report today, existing homes sales rebounded strongly in September. Sales were up 10%  in September 2010 to a seasonally adjusted annual rate of 4.53 million units, a substantial increase from July's rate of 3.84 million units - a 15 year low. While these numbers are positive, sales have…
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Foreclosure Moratorium Lends More Support To Buying REOs

The recent moratorium announced by Bank of America to halt the foreclosure process in all 50 states while it reviews whether staff may have cut corners while processing the paperwork will extend the foreclosure crisis further.Analysts predict that a moratorium "could further depress housing prices and said it would be very damaging to exactly the…
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Understanding the Market Cycles: Is Now the Time to Buy? Part 1

Is now the time to buy? The answer is yes, but for more reasons than you may think. With news that we are constantly inundated with on a daily basis about the real estate market, how do we decipher fact from fiction? Hype from reality? The fact is much of the information that we receive is delivered…
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