buyer: New-Home Sales Surge in Northeast - 05/30/08 03:10 AM
Sales of new homes were up 3.3 percent in April, the first increase in six months, according to the U.S. Commerce Department's monthly report.The rebound reflected a 41.7 percent surge in demand in the Northeast. Sales were up 8.3 percent in the West and 5.8 percent in the Midwest. They fell by 2.4 percent in the South.The inventory of unsold new homes was down slightly to 10.6 months' supply at the April sales pace, compared with 11.1 months in March.The increase brought sales to a seasonally adjusted annual rate of 526,000.The median price of new homes sold in April fell to … (1 comments)

buyer: 10 crucial steps to 'short sale' buying - 05/29/08 05:22 AM
There are very few active buyers in the real estate market these days -- but every one of them seems to be looking to buy a foreclosure or a short sale.
Foreclosure is a fairly well understood process, but as "short sale" signs sprout like weeds, you may wonder what it's all about.
When a lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner, it's called a short sale. The lender forgives the remaining balance of the loan.
Everyone loses -- or … (7 comments)

 
Boris Miric, Realtor (Licensed in DC-VA-MD) (Fathom Realty)

Boris Miric

Realtor (Licensed in DC-VA-MD)

Washington, DC

More about me…

Fathom Realty

Address: District One Properties, 1305 Leslie Ave, Alexandria, VA, 22301

Office: (703) 600-7000

Mobile: (202) 459-4700

Email Me



Links

Archives

RSS 2.0 Feed for this blog