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Recent Blog Posts by Brandon Wells

Existing home sales see largest gain in years

September number possible glimmer of hope housing bottoming out   WASHINGTON - Sales of existing homes rose by the largest amount in more than five years in September. But analysts cautioned against reading too much into the gain, noting that it reflected conditions before the latest upheaval in financial markets increased the likelihood of a recession in the overall economy. The National Association ...
Posted by Brandon Wells @ 2:46 PM on 10/28/2008
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Greater Albuquerque Association of Realtors (3rd Quarter Statistics)

The Greater Albuquerque Association of Realtors (GAAR) has just posted the 3rd quarter statistics.  If you own a home in or around the Albuquerque you will find this report very informative and helpful in determining the current market climate in your area.                                       ...
Posted by Brandon Wells @ 2:12 PM on 10/16/2008
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First-Time Homebuyer Tax Credit (Info)

 First-Time Homebuyer Tax Credit                                      (Housing and Economic Recovery Act of 2008-H.R. 3221)The Housing and Economic Recovery Act ("the Act") of 2008 (H.R. 3221), which was signed into law on July 30, ...
Posted by Brandon Wells @ 10:18 AM on 10/16/2008
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FHA Responds To Buy & Bail Transactions

FHA Responds To Buy & Bail TransactionsTo address increasing occurrences of the practice known as "buy and bail," FHA has issued Mortgagee Letter 08-25 - Converting Existing Homes to Rentals - Underwriting Instructions. FHA is instituting the following requirements for borrowers who purchase a new primary residence without selling their existing primary residence. The term "buy and bail" refers ...
Posted by Brandon Wells @ 12:15 PM on 10/09/2008
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NAR September Market Conditions Update (Video)

National Association of Realtors (Presidents Video Podcast) 
Posted by Brandon Wells @ 2:56 PM on 10/03/2008
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Home Purchased on Ebay for $1.75 (AP)

 SAGINAW, Mich. - With a winning bid of just $1.75, a Chicago woman has won an auction for an abandoned home in Saginaw. Joanne Smith, 30, recently was the top bidder for the home during an auction on eBay, The Saginaw News reported. Her bid was one of eight for the home."I am going to try and sell it," she told the newspaper. "I don't have any plans to move to Saginaw."Smith said she hasn't seen ...
Posted by Brandon Wells @ 12:55 PM on 10/02/2008
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