July New Home Sales Jump 9.6%

IBD reports that new home sales for the month of July jumped by 9.6%

Just another sign we may be pulling out of this slump.

Behind on payments?

If you need to sell, now is a good time to call us. Rates on 30-year mortgages rose this week. That means buyers won't be able to borrow as much and may hold off on the purchase of a home.
If you're behind on your payments or think you may have to stop paying on your mortgage, call us or go to our website. We may be able to negotiate a short-sale with your lender with no fees or commission out of your pocket. A short-sale is much less detrimental to your credit than a foreclosure. http://sellmywestpalmhome.com/

Housing recovery

Palm Beach Post reports: "Housing shows signs of hitting bottom".
Is it over? You tell us.
Visit our website for a FREE Market Snapshot!
http://SellMyWestPalmHome.com/


James Helms -- Post From My iPhone

Interest Rates...they are a risin'.

Well, I don't know if anyone has been following the rate on the 30 year fixed, but it is slowly inching up. Today's rate is averaging 5.37%. I've also read where refinancing time is taking much longer than usual. Apparently the banks are stretched a little thin in their underwriting departments. I don't understand why. They should be able to easily rehire the underwriters they laid off to SAVE money. What, with all the TARP and bail-out cash they've received, they should have no problems at all. So what's the HOLD-UP? Sorry, no pun intended.