home owner news: Housing Bright Spot: Pending Home Sales Rise, Market on Uptrend - Seema Sinha, Realtor, Vienna, VA - 02/28/12 03:17 AM
Housing Bright Spot: Pending Home Sales Rise, Market on UptrendCourtesy Susanne - RISMedia
Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.0 percent to 97.0 in January from a downwardly revised 95.1 in December and is 8.0 percent higher than January 2011 when it was 89.8. The data reflects contracts but not closings.
The January index is the highest since April … (0 comments)

home owner news: Housing Expected to Add to GDP for First Time in 7 Years - Seema Sinha, Realtor, Vienna, VA - 02/23/12 10:40 AM
Housing Expected to Add to GDP for First Time in 7 YearsCourtesy Susanne - RIS Media
The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. However, the year-end growth rate was due largely to a positive swing in business inventory growth, which is not indicative of underlying consumer demand or the overall health of the economy. … (0 comments)

home owner news: Obama Moves Forward with Foreclosure Prevention - Seema Sinha, Realtor, Vienna, VA - 02/07/12 01:57 AM
Obama Moves Forward with Foreclosure PreventionCourtesy Susanne, RIS Media
Last Wednesday, February 1, President Obama announced the details of a plan to help homeowners refinance their mortgages in hopes of bolstering the housing market.
According to the U.S. Department of Housing and Urban Development, this proposal will allow buyers to save an average of $3,000 a year by refinancing into loans backed by the FDA, if they are current on their mortgage.
The plan is estimated to cost between $5 billion and $10 billion, which Obama plans to cover by pressing a fee on large banks.<!--more-->
“I want to commend the administration … (0 comments)

 
Seema Sinha (Keller Williams Realty)

Seema Sinha

Vienna, VA

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Keller Williams Realty

Address: 8521 Leesburg Pike, Suite - 100, Vienna, VA, 22182

Office: (703) 343-5726

Mobile: (703) 343-5726

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