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southern california home sales: Economic Roundup - 08/03/09 05:53 PM
In the News Existing home sales are up again, according to the National Association of Realtors® (NAR), which reported that sales for existing homes increased by 3.6 percent in June to a seasonally adjusted annual rate of 4.89 million units, compared to May’s revised rate of 4.72 million homes. June’s sales were only 0.2 percent lower than the 4.9 million-unit pace NAR reported for June 2008. “The increase in existing-home sales occurred in all major regions of the country,” said Lawrence Yun, NAR’s chief economist. “We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability … (2 comments)
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southern california home sales: C.A.R. LAUNCHES MORTGAGE PROTECTION PROGRAM - 04/05/09 10:18 PM
FYI: To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. Housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers.Through the Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and … (2 comments)
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southern california home sales: Southern California Home Sales - 10/21/08 10:47 PM
The median is down 33% from a year ago. Sales rise 65% amid bargain hunting; half of September's home sales are foreclosures.
What's more, the September sales figures reflect many homes that went into escrow in July or August -- before the financial crisis rattled nerves, depleted the investment savings of millions of Americans and cast fresh doubts about the economy's strength.
"Buying a home is a big decision, and it's not one you want to make when you're not sure where prices are headed," said UC Berkeley economist Thomas Davidoff. "Now a lot of people are facing unemployment, … (0 comments)
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Heather & Nancy Cloward The Cloward Team
Laguna Niguel,
CA
More about me…
Prudential California Realty
Address: 2 Ritz Carlton Suite 201, Monarch Beach, CA, 92629
Office Phone: (949) 495-2819
Cell Phone: (949) 228-4523
Email Me
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