Is There A Greater Baton Rouge Home Appraisal Question I Can Help Answer? E mail asktheappraiser at g mail

LA Realtors Report Good News For Baton Rouge Real Estate In July 2009

http://www.batonrougefhaappraisers.com/ – LA Realtors Report Good News For Baton Rouge Real Estate In July 2009

LA Realtors

LA Realtors reports Pending Home Sales Record Fourth Straight Monthly Gain, as directly quoted:

“Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the latest survey. The Pending Home Sales Index increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.

Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that go to closing. “Closed existing-home sales have improved but are coming in lower than expected because some contracts are delayed or falling through from the application of new appraisal rules for many transactions,” he said. “Rises in contract activity show buyers are becoming more active even as they face much more stringent loan underwriting standards. Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy.” For more information, see the complete NAR news release.”

Related Posts Plugin for WordPress, Blogger...
Tags: , , , , , , , , , , , , , , , , , , , ,
Previous Post

First American CoreLogic Reports Baton Rouge Home Prices Down Slightly In May 2009

Next Post

Greater Baton Rouge Real Estate News: RealtyTrac Ranks Louisiana 39th For Foreclosures

© 2007-2017 Baton Rouge Real Estate Appraisal Bill Cobb Greater Baton Rouge's Home Appraiser 225-293-1500 All Rights Reserved