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Tuesday, November 22, 2011

Fannie Mae and Fredie Mac First timw home buyers

On 11/22/2011 10:25 AM, Will Rudloff wrote: www.willrudloff.com
On the good news side of things, Existing Home Sales came in above expectations driven by an increase in single-family sales. It takes down the inventory to 8 months, although the distressed sales amounted to 28% of the activity (vs. 13% In Sep), and that first time home buyers made up a greater share of activity. Year over year existing home sales and are 13.5% higher than the 4.38 million unit level in October 2010. Analysts point out that this month's report is a bit more positive but do not expect the trend to persist. And loan agents can tell you that contract failures reported by NAR members NAR National Assoc of realtors)
Information earlier from Rob Chrisman [rchrisman@robchrisman.com]

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