by Raja TayebApril 23, 2010
Foreclosures
Buyers responding to the home buyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, rose 6.8 percent to a seasonally adjusted annual rate of 5.35 [...]
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by Raja TayebApril 17, 2010
Foreclosures
The Association of Mortgage Investors (AMI) reacted to Thursday’s news that foreclosures hit record highs by commenting that this was an indication that the causes of homeowner defaults aren’t being addressed.
In a statement, the organization said: “Any solution will be incomplete if it does not give homeowners a way to reduce debt payments on all [...]
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