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Real Estate News
 
June 2008
> Existing-Home Sales Show Modest Gain
Housing inventory falls 1.4 percent to a 10.8-month supply.
 
> Benefits of Eco-Friendly Schoolyards
NAR has teamed with the Smart Growth Network to sponsor the Sustainable Schoolyards display at the U.S. Botanic Garden.
 
> NAR to HUD: Simplify RESPA Proposal
NAR says it's concerned and dissatisfied with HUD's proposed reforms and is asking the agency to improve the disclosure requirements for mortgage settlement costs.
 
> Pending Sales Up 6.3% in April
Bargain hunters have entered the market en masse, especially in areas that have experienced double-digit price declines, NAR says.
 
> Tax Credit Would Get Buyers Off Fence
In testimony before Congress this week, NAR urged the passage of a temporary tax incentive for buyers of any residential real estate.
 
 
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