Existing Home Sales Rise in February, but Prices Down
According to the National Association of Realtors, existing home sales jumped 5.1% nationwide in February, 2009, though prices were down 15.5% from the same month last year. Sales prices were unprecedented, falling to the same lows last seen in 1997, and economists are predicting that, nationwide, prices will probably fall well into 2009. Nicolas Retsinas, [...]
Amidst Rumors of Lower Rates, Current Business is Squelched
I’ve spoken of the massive potential upside to the lower mortgage rates that are being heavily lobbied for by the National Association of Realtors, the National Home Builders Association and by countless other groups. If those and other groups have their way, we’ll be looking at 4.5% 30-Year mortgage rates (or lower) in the near [...]
Will We Soon See 4.5% Mortgage Rates?
Plans abound to “save” the U.S. housing market, from those put forth by the National Assocation of Home Builders that call for drastic mortgage rate buydowns and tax credits to the “Four Point Plan” of the National Assocation of Realtors. But rumors and aggressive lobbying seem to be turning into a plan with some legs [...]
The Forsalebyowner.com Vs. NAR Backlash
I came upon this a bit late, but there is a somewhat angry battle being waged with words online between popular FSBO site Forsalebyowner.com and the National Association of Realtors, Realtor.com and, generally, a bunch of individual Realtors. It started with a press release and this November 12 post from the Forsalebyowner.com blog. The next [...]