George Mills's (geomills) Blog

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Real Estate Broker/Owner - Mills Realty
RECENT BLOG POSTS
How fantastic to see a solid increase in home sales and a 27 percent increase is a very good indication that it may stick around. All though the effect did not influence an increase in home values if sales continue to increase and inventory depletes we could see prices stabilize. Sales of new hom...
05/06/2010
Tougher lending standards, mortgage modification efforts and a more stable job market, economists say have contributed to the first decline in the delinquency rate since the first quarter of 2006. The percentage of delinquent mortgages declined to 6.57 percent in the first quarter from 6.60 in th...
04/16/2010
Tougher lending standards, mortgage modification efforts and a more stable job market, economists say have contributed to the first decline in the delinquency rate since the first quarter of 2006. The percentage of delinquent mortgages declined to 6.57 percent in the first quarter from 6.60 in th...
04/16/2010
Over the last several months housing prices fell slightly, dipping 0.4 percent from December on a non-seasonally adjusted basis. However for the remainder of this year I wonder what the high foreclosure rate will do to home prices. Most likely if you live in neighborhoods that have a high rate of...
04/12/2010
Based on the most recent report from NAR it seems there may be some promising increases in Home sales. I personally would like to see three months straight to get a comfortable feel of what is really going on but I am encouraged to see that February nationally looks good. Pending home sales rose ...
04/09/2010
Tax time, doesn't have to be painfully, especially if you bought, sold or owned a home in 2009. Obama's stimulus package promised to reverse that tradition, and instead write checks to buyers, sellers and even those who lost their home through foreclosure. http://bit.ly/aL6bol
03/25/2010
All indications is showing that real estate is improving. I'm seeing my web site enjoying more activity, the phone is ringing and the experts seem to think the economy is going to enjoy an upswing in North Carolina. I hope this is true in other areas as it will help us all. Is Recession ending in...
03/22/2010
If FHA raises the down payment on FHA loans I believe this would be a big mistake. I like some of their other ideas but frankly increasing anything right now would be a mistake. As Congress considers various ways to put FHA on sounder financial footing, FHA Commissioner David Stevens warned that ...
03/17/2010
Can we stop Home Owners from Walking! U.S. banks are looking at how to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages. Too many people are walking away from their homes because they owe more than it is worth. Real Estate will come back but I believe the ...
03/13/2010
The Obama administration has been working to keep defaulting owners in their homes and now paying some of them to leave. This new program starting in April, will allow owners to sell for less than they owe and will give them cash to speed them on their way, is one of the administration’s most agg...
03/09/2010
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