Wednesday, October 21, 2009


new home market is cooling down and government intervention has been a key driver to new home sales, according to a recent monthly survey of home builders, just released by John Burns Real Estate Consulting.

In addition to the tax credit that expires Nov. 30, government mortgage programs have been critical in 2009. The survey reveals that 59% of this year’s sales have been dependent on FHA, VA or USDA financing programs with 96.5% to 100% LTV.

RISMEDIA, October 21, 2009

If you would like to know what your homes current value is, please contact me for a free evaluation.

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Mike Cribbin, Cribbin Realty, 636-294-6061 or

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