March 10, 2010 by admin ·
If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and [...]
Filed under Winchester VA Real Estate · Tagged with best interest, closing costs, comparative market, current sales, existing home sales, financial difficulties, financial hardship, first contact, forbearance period, foreclosure, frederick county area, frederick county homes for sale, frederick county va, home buyer tax credit, homes for sale in winchester va, interest rate, job, loan modification, medical bills, money, mortgage obligation, net proceeds, real estate, sales interview, selling your home, Winchester va market statistics, working knowledge
More numbers from NAR chief economist, Lawrence Yun. According to Yun existing home sales nationally have decreased by 7.2% in January but are still higher than the same month last year. He gives the national median home price as being $164,700. He also says that the current sales pace is “not good news”. He fears [...]
Filed under Winchester VA Real Estate · Tagged with chief economist, current sales, economist lawrence, existing home sales, existing home sales report, frederick county area, home sales price, home sales report, job, median home price, median sales price, mortgage rates, national median home price, national numbers, sales pace, second half, tax credit, winchester city, winchester frederick county, winchester va
