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Monthly Archives: May 2012

US existing home sales, prices rise in April

Tue May 22, 2012 on Blog

US existing home sales, prices rise in April (via AFP) US existing home sales increased in April and home prices continued to rise, an industry group said Tuesday in a report signaling recovery under way in the distressed housing market. Sales of previously occupied homes rose 3.4 percent to an annual rate of 4.62 million in April, and were 10 […]

Short Sales Soar as Home Foreclosures Fall

Wed May 2, 2012 on Blog

From Josh Crank, The foreclosure crisis isn’t over, but a new trend in real estate sales could be the light at the end of the tunnel for many borrowers and lenders. Short sales, which occur when homeowners sell their homes for less than what they still owe, outpaced foreclosures for the first time ever in January, according to a new report from Lender Processing […]