9
Nov
Home Foreclosures To Bounce Higher In 2010
new home sales
In a recent report from the John Burns Real Estate Consulting (Two hundred and sixty-two home building industry executives from public and private companies responding) on new home purchases from January through mid-October 2009 showed:
A. 59% of sales have been dependent upon government financing programs such as FHA & VA. These government programs allow home purchases to be financed at 96.5%-100% loan to value. Read more 