A Bit of Good News for the Housing Market – Charlotte NC Real Estate Expert
Posted by Leigh Brown on Dec 11, 2009 in Real Estate News | 0 comments
According to the National Association of Realtors® (NAR), pending home sales have risen for nine consecutive months, up nearly 4%. Although some deals can and will fall through the wayside, signed contracts are a good forward-indicator of where the housing market is headed. October definitely showed signs of optimism and...
Unemployment and Prime Home Loans Add to Foreclosure Crisis – Charlotte NC Foreclosure Expert
Posted by Leigh Brown on Dec 2, 2009 in Real Estate News | 1 comment
Last year, risky sub-prime loans were fueling the housing crisis. A recent quarterly survey of 44.6 million loans from the Mortgage Bankers Association (MBA) showed a rise in the proportion of prime home loans, mainly due to unemployment, is adding to the problem. MBA’s 3rd quarter report stated that 14% of homeowners...