Archive for October, 2010

Existing-Home Sales Post Strong Gain

Thursday, October 28th, 2010

Existing-home sales rose again in September, affirming that a sales recovery has begun, Sales jumped 10 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August. of Yun’s press conference from earlier this week.NAR says, Watch and link to a video

Fannie Mae and Freddie Mac Unveil New Appraisal Independence Standards

Tuesday, October 26th, 2010

On October 15, 2010, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, announced appraisal independence requirements to replace the Home Valuation Code of Conduct. The new requirements offer no significant changes to the core principles of HVCC. (more…)

NAR Hails Bill to Hasten Lender Response to Short Sale Requests

Tuesday, October 26th, 2010

Homeowners who are underwater with their mortgage may find that relief is on the way from a bill strongly supported by the National Association of Realtors® that would impose a deadline on lenders to respond to short-sale requests. (more…)

Homeownership is a Fundamental Part of the American Dream

Wednesday, October 20th, 2010

Many of you have expressed alarm about the swirl of negative stories around homeownership. Barbara Kiviat at Time magazine tells us that “homeownership has let us down.”

Robert J. Samuelson, the Washington Post and Newsweek columnist, says, “The relentless promotion of homeownership as the embodiment of the American dream has outlived its usefulness.” (more…)