Market Conditions
The Basics on Lease-Option (Rent to Own) E-mail
Market Conditions
Written by Stephen E. Spira, Esq.   

In today’s real estate market, both buyers and financing are scarce. These market pressures have increased the popularity of alternatives to the purchase and sale of a home, such as lease-options (also known as “rent to own”).

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New home sales post unexpected increase as prices fall to lowest level in 4 years E-mail
Market Conditions
Written by Martin Crutsinger, Associated Press   

WASHINGTON (AP) (October 27, 2008) Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years, the Commerce Department reported Monday.

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Foreclosure filings surge 71 percent in third quarter as mortgage crisis worsens E-mail
Market Conditions
Written by Alan Zibel, Associated Press   

WASHINGTON (AP) (October 23, 2008) The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday.

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A short sale's long journey E-mail
Market Conditions
Written by Mary Ellen Podmolik, Chicago Tribune   

(October 17, 2008) With home values falling and a rough economy denting people's wallets, it doesn't take much for a homeowner to get underwater on a mortgage, owing more on the loan than the home is worth. Toss in a personal dilemma or two and the situation can become even more bleak.

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Pending sales of existing homes in US up 7.4 pct from July to August in unexpected increase E-mail
Market Conditions
Written by Alan Zibel, Associated Press   

WASHINGTON (AP) (October 8, 2008) Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market.

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