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Short sales increase by 45 percent; no end in site

Dennis Norman

By: Dennis Norman

In this challenging real estate market agents are looking for ways to find new business and many have turned to short sales.  It’s no secret that short sales can be a nightmare, taking weeks and even months to get an answer from a lender on a deal, causing many deals to

Continue reading… Short sales increase by 45 percent; no end in site

US Home Prices show modest 0.3 percent increase from June to July according to Federal Housing Finance Agency

Dennis Norman

By: Dennis Norman

Today the Federal Housing Finance Agency (FHFA) reported that U.S. home prices rose 0.3 percent on a seasonally-adjusted basis from June to July and are down 4.2 percent for the past year.

Many of the reports I’ve seen in the press on this are saying this is a sign of the housing market

Continue reading… US Home Prices show modest 0.3 percent increase from June to July according to Federal Housing Finance Agency

NAR’s President Charles McMillan’s meeting with NY AG re HVCC produces results

Charles McMillan 2009 President, NAR

By: Dennis Norman

National Association of REALTORS(R) 2009 President, Charles McMillansent an email to members stating “as a direct result of my recent meetings with the New York Attorney General’s office, the Federal Housing Finance Agency, Fannie Mae and Freddie Mac this week issued new guidance to all lenders on the

Continue reading… NAR’s President Charles McMillan’s meeting with NY AG re HVCC produces results