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Real Estate Update 7/25/08

New Home Sales Stronger Than Expected - Glad to be seeing this headline. This, by no means, is an indication that the real estate market is all healthy and sound, but I’m happy to be seeing a branch of real estate turning out to be positive while the rest of the market is hurting.

Mortgage Industry Grilled in Washington - Washington is probing mortgage lenders to see how much they’re working for the homeowner. Homeowners need to be taken care of, they’re the reasoning for our previously strong economy. I don’t see these kinds of headlines changing for the next 2 or 3 months.

Foreclosure Filings Up 120% - 220,000 homes lost to bank repossessions in the second quarter with the estimation for this year having to be revised to be more than expected. Foreclosures are really taking its toll on the country.

10 House Selling Secrets - For prospective home sellers. Read up on tips to get more cash for your home faster with these tips such as paying much attention to detail for your home’s entrance, kitchen, bathroom, and more.

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