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Pending Home Sales on an Upswing

May 5, 2010 By Leave a Comment

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending… Read More

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Luxury homes owners default at twice US rate (Worcester Telegram & Gazette)

December 27, 2009 By Leave a Comment

Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate, and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.

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Luxury Homeowners Turn to ‘Short Sales’ as Loan Defaults Rise (Bloomberg)

December 16, 2009 By Leave a Comment

Dec. 17 (Bloomberg) — Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.

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