Existing Home Sales Move Up in August

Septermber 15, 2010 (Shirley Allen)

Existing-home sales rose in August 2010 following a big correction in July, according to the National Association of Realtors (NAR). Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6% to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0% below the 5.10 million-unit pace in August 2009.

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Fannie Mae Announces Incentives to Buy Foreclosure Properties

Septermber 14, 2010 (Chris Moore)

With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.

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HUD’s Good Neighbor Next Door Program

September 13, 2010 (Jeff Alan)

Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.

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