Some interesting real estate news was released today.

 *Yahoo published an article stating that the sale of previously occupied homes rose in 2009, while the average home sale price declined. Apparently home prices have declined as far as 12 % in some areas.

 *Realty Times stated that "Fixed mortgage rates followed bond yields lower for the third consecutive week, pushing 30-year mortgages below 5 percent once more."

 * And finally, the FHA is tightening it's lending requirements to help stabilize the FHA products moving forward and avoid the need for bailouts in the future.

While all of this can seem confusing, the bottom line is there are indicators the industry is coming back, there has been more than average activity for the beginning of the year with the tax credits and opportunities are still available on both sides of the real estate transaction!

As always, we are glad to answer any questions you may have!

Dave and Carla