Posted May 25, 2012 by Rogers Healy

Sales of new homes slowly grows

Sales of new homes are showing some signs of life, growing 3.3% month over month to an annualized rate of 343,000 in April, according to a government report released Wednesday.

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Posted March 6, 2012 by

Obama administration announces new housing initiatives.

President Obama announced today new mortgage relief for members of the military, veterans and homeowners with government-insured loans to help those borrowers still struggling.

The new program is being pitched as an addition to the Home Affordable Refinance Program (HARP), and it enables borrowers with Fannie Mae or Freddie Mac loans with the opportunity to refinance, even if they owe more than what their homes are worth.  According to the Obama administration, the average borrower can save more than $1,000 a year by participating in the new program.

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Posted March 1, 2012 by

New Home Sales Exceed Expectations.

New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.

The Census Bureau reported that the pace of new home sales hit a seasonally-adjusted annual rate of 321,000 in January, up from the previous reading for December and better than economists' forecasts. Census also revised the December figure higher to a rate of 324,000, meaning that the pace of sales was about 6% stronger that month than the original estimate.

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