Home Prices Up
home prices
Home prices up for third month in a row
The Standard & Poor’s case Shiller report for the 20 largest cities in the US showed that prices increased in 19 of the 20 cities track. the report showed that prices rose 3.6% for the April through June quarter when compared to the prior quarter. One should keep in mind that this price increase was not adjusted for seasonal trends. this is very important because after the prior 12 months of reported home price increases were adjusted for seasonal trends, they were all down. Read more 
New Government Housing Program
housing program
The U.S. Dept. of Housing and Urban Development recently announced a new agreement with the nation’s top mortgage lenders to offer select state and local governments, including California, and nonprofit organizations a “first look” or right of first refusal to purchase foreclosed homes before making the properties available to private investors. Read more