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Pending Home Sales Index Falls Largely on Mortgage Tightening

by | Sep 5, 2007 | Uncategorized |

RISMEDIA, September 6, 2007-Pending home sales, a forward-looking indicator, shows existing-home sales are likely to decline in coming months as mortgage disruptions work their way through the housing market, according to the National Association of Realtors(R).The...

Flippers Fuel Foreclosures

by | Sep 5, 2007 | Uncategorized |

By Les ChristieRISMEDIA, September 6, 2007-(CNNMoney.com)–Flippers and other speculators investing in single-family homes helped drive up prices in many hot housing markets during the boom. Now they’re contributing heavily to mortgage delinquencies in...
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