Archive for November 2009

Source: cnbc.com Date: 18 November 2009 Link: http://www.cnbc.com/id/34018204/ If you already took advantage of the government’s tax credit for first-time homebuyers—or are planning to do it anytime soon—you’ll probably agree with this prediction: Sales of existing homes will peak in the final quarter of 2009, then begin a year-long slide, which is likely to be [...]

Source: cnbc.com Date: 11 November 2009 Link: http://www.cnbc.com/id/33861616 Foreclosure rates fell for the third consecutive month in October, but remained sharply higher than a year ago, according to a new report, with analysts cautioning that the improvement was at best temporary. The number of Americans receiving foreclosure notices was down 3 percent on a month-to-month [...]

Date: November 10, 2009 MADISON, WI – Wisconsin home sales increased for the first time since the recession began nearly two years ago, according to data reported by the Wisconsin REALTORS® Association (WRA). Existing home sales increased 5.8 percent in the third quarter of 2009 compared to the same quarter last year, the first increase [...]

. This email just came to me this morning from my mortgage guy.  I tend to agree with him based on some of the things I have been reading lately on cnbc.com.  Take for example this article http://www.cnbc.com/id/33616897 which talks about the unwinding of the artificially cheap credit we have had access to in the [...]