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Analysts Look for Slight June Uptick in New Home Sales
s expect new home sales to total 310,000 units in June, up from May’s record-low 300,000, according to outlook and commentary services firm Econoday. The Census Bureau is scheduled to release its monthly new home sales data later this morning. The error ratio, however, could swing the new home sales into negative territory, month-on-month, as [...] | Obama Signs Homebuyer Tax Credit Extension
Good news! President Barack Obama this morning signed HR 5623, the “Homebuyers Assistance and Improvement Act of 2010,” a three-month extension on the closing deadline for first-time home buyers to receive the tax credit. Potential homeowners with offers currently under contract now have until September 30 to close the deal, instead of the original June [...] | California is Set to Vote on Foreclosure Mediation Bill
A new bill that establishes a foreclosure mediation program in California passed committee and will reach the California State Assembly floor this week. Assembly Bill 1639 was introduced by a trio of members of the assemby — Pedro Nava (Santa Barbra), Ted Lieu (Torrance) and speaker emeritus Karen Bass (Los Angeles). If passed, the bill would [...] | Special Event Coming Soon!
Diamonds & Champagne REALTOR® Action Fund Fundraising Event SRAR members are invited to attend the upcoming Diamonds and Champagne fundraising event for REALTOR® Action Fund (RAF), presented by Old Republic Home Protection. The evening will include delicious hors d’oeuvres, refreshing beverages, champagne, and a chance to win one of 3 REAL Diamond Bracelets. Date: Saturday, [...] | New Home Sales Spike Up 27% in March
Purchases of new homes surged in March to an annualized rate of 411,000, an increase of 27% over February, according to the U.S. Census Bureau. That’s the fastest growth of new home sales since April 1963. While selling additional new home is an indication that consumers are feeling more bullish about the housing market, today’s [...] |
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