Slow Ride to New Paradigm in 2010 By Kevin Chiu Mortgage rates are creeping upward. The sale of foreclosed properties is slowing as bankers catch up with the record volume of homes in default. Money markets remain tight, and the volume of home sales has slowed as a result of government incentives that were expected… Continue reading Slow Ride to New Paradigm in 2010
Category: Sales
Short Sale Madness
Distressed home sales in which the lender cooperates to cut the amount of principal owed are likely to increase in 2010, but the number of short sales is unlikely to have any real impact on the housing market, according to a new Housing Predictor study. The small number of short sales that are actually approved… Continue reading Short Sale Madness