The chief economists of the National Association of Realtors® ( NAR ) on Thursday predicted that sales of existing homes will probably remain flat through late spring and then begin a gradual recovery during the second half of 2008. Lawrence Yun made the forecast based on the release of NAR's Pending...
What a fascinating and tumultuous time is upon us! Both the housing and the mortgage market are convulsing wildly! There are so many facets to the "big picture" that I would never presume have all the answers, so the following disclaimer is in order: I am a mortgage broker and the following is my opinion...
Lennar Corporation , the second largest home builder in the U.S. announced on Tuesday that it was posting stunning losses for its third quarter of 2007 which ended on August 31. According to Reuters, Wall Street analysts had been expecting losses but in the vicinity of 0.55 per share. Instead the returns...