US home sales rose in March after weak winter
WASHINGTON (AP) – April 25, 2011 – More Americans bought new homes in March, helping give the battered industry a small lift after the worst winter for sales in almost a half-century.
The Commerce Department says new-home sales rose 11 percent last month to a seasonally adjusted rate of 300,000 homes. That follows three straight monthly declines. But it remains far below the 700,000-a-year pace that economists view as healthy.
Last year was the fifth consecutive year of declines for new-home sales. Economists say it could take years before sales return to a healthy pace.
Poor sales of new homes mean fewer jobs in the construction industry. Each new home creates an average of three jobs for a year and $90,000 in taxes, according to the National Association of Home Builders.
Copyright 2011 The Associated Press.
Tuesday, April 26, 2011
Monday, September 27, 2010
Fannie Mae announced late last week their new closing incentive for buyers. Homebuyers who plan to live in the house can receive up to 3.5 percent of the final sales price that can be used toward closing costs, including a home warranty.
Eligible offers must be submitted on or after Sept. 23, 2010, and must close by Dec. 31, 2010. The sale must also close within 60 days of offer acceptance.
“More than 87,000 families purchased HomePath properties in the first half of 2010 – nearly double the number of Fannie Mae foreclosed properties sold in the first half of 2009,” says Terry Edwards, executive vice president of Fannie Mae’s Credit Portfolio Management. “We continue to look for ways to stabilize neighborhoods and offer incentives to qualified buyers.”
This looks to be a good program for those who are looking to quickly purchase. Call me for more info 727-656-8145
Monday, September 13, 2010
|2011 Entertainment Book|
Welcome to the first post of my new Blog. I would love to start out by giving away a fantastic 2011 Entertainment book. This book has wonderful coupons for local Restaurants, fun things to do and even has coupons that you could use for business and travel.
All you have to do is leave a comment telling me where your favorite place to dine is and be sure to follow me on Facebook http://www.facebook.com/nicoledufala.remax
Drawing will be on September 30th. Good luck!