Almost 1 In 4 Mortgages Underwater

In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.
Almost 10.7 million U.S. mortgages were “underwater” as of September, said research firm First American CoreLogic.
Another 2.3 million homeowners are within 5% of negative territory, the report [...]

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Existing Home Sales up 10% in October

Home sales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.
The National Association of Realtors said Monday that home resales rose 10.1 percent to a seasonally adjusted annual rate of 6.1 million in October, from a downwardly revised [...]

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Let’s say “Thank You” to our Troops!

We have family members, friends and people who we do not even know in the armed forces, fighting for our freedom and safety overseas who at this time really need our support and encouragement. So when a dear friend of ours shared this website with us, we felt inclined to share it with all of [...]

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Pending home sales rise for eighth straight month to highest level since December 2006

WASHINGTON (AP) — The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.
The National Association of Realtors said Monday its seasonally adjusted index of sales agreements [...]

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Is The Current Economic Recovery Just Another Clunker?

The economy’s return to growth (howbeit modest) has ignited a flash of credit-taking in Washington.

The White House is promoting their $787 billion stimulus package as the key to an economic turnaround, as they reported to have “created or saved” 640,329 jobs as a “strong confirmation” that the [...]

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