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.
If you are starting your search now to buy in the future, why not search like a realtor. Sign up for listing book, a free service I provide with no strings attached. Here is the link: http://a107021.listingbook.com
Mike Cribbin, Cribbin Realty, 636-294-6061 or Mike@cribbinrealty.com
Wednesday, October 21, 2009
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