Did You Know

Existing-home sales¹, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 3.7 percent to a seasonally adjusted annual rate of 5.10 million in March from an upwardly revised 4.92 million in February, but are 6.3 percent below the 5.44 million pace in March 2010. Sales were at elevated levels from March through June of 2010 in response to the home buyer tax credit. Of these sales approximately 40% were "distressed" homes which means that they were in foreclosure or were being sold after repossession. If one finds themselves in a home they can't pay for they have options and they should not wait. more later