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  • Should one do Short Sale or let bank do the Foreclose - Should one sell their home in Short Sale or let bank Foreclose", which is very easy to understand, and I want to
  • US housing complex in racial row against Indians. The US Justice Department has filed a lawsuit against an apartment complex in Washington state for racial discrimination .......
  • Understand Obama's New Home Rescue or Loan Modification in 7 simple steps. At the heart of the President Barack Obama's ambitious plan to rescue the housing market is.......
  • US home sales surge to highest level in two years
    Washington, Oct 23: Sales of existing homes in the US surged 9.4 percent in September to their highest level in more than two years, figures from an industry group showed Friday, in a strong sign that the country's housing crisis may be easing.

    The National Association of Realtors (NAR) said home sales climbed to an annual rate of 5.57 million in September, up 9.4 percent from August and 9.2 percent from September 2008. It is the highest sales rate since July 2007.

    The sharp rebound is largely thanks to a government tax credit for first-time buyers, aimed at bringing the housing sector out of a massive slump that began in mid-2006. Congress is considering extending the tax credits, which are set to expire Nov 30.

    "The rising sales momentum needs to continue for a few additional quarters until we reach a point of a self-sustaining recovery," said Lawrence Yun, an economist with NAR.

    We are hopeful the tax credit will be extended and possibly expanded to more buyers, at least through the middle of next year," Yun said.

    The housing downturn was the chief cause of the global financial crisis, as a record number of mortgage defaults by homeowners cost Wall Street hundreds of billions of dollars. ......NRIpress.com/IANS

  • Aaron Spelling's $150 Million House for Sale- The most expensive home for sale in the United States.....Read
  • Amarveer Dhillon, Sacramento: a nationally syndicated real estate columnist

  • Homeowners: Can't pay? Just walk away More and more borrowers are watching their house values sink while the cost of their loans skyrockets. What to do? Skip out on the mortgage all together. ................Full Story
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