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Real Estate News
 
December 2007
> NAR: Existing-Home Sales Inch Up in November
Existing-home sales rose slightly in November, indicating a stabilization in housing in the wake of mortgage disruptions earlier this year.
 
> Senate Passes FHA Reform Bill
The FHA Modernization Act of 2007, passed Friday by the U.S. Senate, would give borrowers a safer alternative to riskier mortgage products while also helping many home owners who may be facing foreclosure, according to the NATIONAL ASSOCIATION OF REALTORS®.
 
> NAR: Another Monthly Gain for Pending Home Sales
The forward-looking indicator suggests that existing-home sales will rise modestly in 2008, with new home sales taking longer to recover.
 
> Existing Home-Sales in October Show Mixed Results
Single-family existing-home sales were stable in October while the condo sector was down, says the NATIONAL ASSOCIATION of REALTORS®.
 
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