Short Sale Process Cut in Half or More, Freddie Mac Says..."We estimate that the time to complete a short sale will decrease by approximately 50 percent to 75 percent," as a result of the changes", writes Tracy Mooney, Freddie Mac’s EVP in a recent blog post. [we'll believe it when we see Continue Reading
Existing home sales hit 5 year high in 2012
Sales of existing homes hit a 5 year high in 2012 , according to NAR (National Association of Realtors). sales throughout the U.S. were up by 12.8% median prices rose by 11.5% inventories fell by 8.5% a 4.4 month housing supply (lowest since 2005). Continue Reading