For the first time in five years, existing-home sales have increased for four months in a row, NAR says. The monthly increase in July is the largest in 23 years, rising 7.2 percent to an annual rate of 5.24 million units. Watch and link to a video of the latest existing-home sales press conference with NAR Chief Economist Lawrence Yun.
The Economic Update held at CAAR on August 6th was a smashing, yet sobering, success. Barry Merchant of VHDA had a lot of outstanding information to share. If you missed it, you are still in luck. You can listen to the audio podcast and use the PowerPoint show below to follow along.
The media provided extensive coverage for the event which can be seen at:
NBC29 - http://www.nbc29.com/Global/story.asp?S=10858697
CBS19 - http://www.charlottesvillenewsplex.tv/home/headlines/52588042.html
Daily Progress - http://www2.dailyprogress.com/cdp/news/local/article/area_housing_market_said_closer_to_recovery/43754/
PowerPoint - CAAR Conference Presentation 6 August 2009
On July 29, 2009, the Federal Reserve Board issued a new publication, “5 Tips for Shopping for a Mortgage,” to help consumers find the mortgage that is best for them. The 5 tips, including advice and helpful links, are:
1. Know what you can afford.
2. Shop around—compare loans from lenders and brokers.
3. Understand loan prices and fees.
4. Know the risks and benefits of loan options.
5. Get advice from trusted sources.
“5 Tips for Shopping for a Mortgage” >
Powered by WordPress