A week economy and job market combined with brutal winter conditions across the country have taken their toll on January pending home sales which dropped 7.6% from December to January. Issues surrounding the number: Job recovery has not begun based on the latest unemployment numbers. Lending is down across the board. Government incentives such as the tax credit will be expiring in a few months. Foreclosures are still at record levels. Bad weather effect open house events.
www.SellMyHouse.com Staff Writter

housing market · Pending Home Sales · sell my house

We just got the report from First American Core Logic regarding mortgage statistics.

24% of houses with a mortgage are now underwater, over 11 million in total. Another 2.3 million are within 5% of a negative equity position.

Highlights of the report:

“Negative equity continues to be concentrated in five states: Nevada , which had the highest percentage negative equity with 70 percent of all of its mortgaged properties underwater, followed by Arizona (51 percent), Florida (48 percent), Michigan (39 percent) and California (35 percent).

We can use our houses as piggy banks when the market it dropping. www.SellMyHouse.com has seen estimates that predict houses could drop another 15% from current levels….or 50% from 2006 valuations.

Hope not but time will tell.

www.SellMyHouse.com Staff Writer

Bank Owned · Foreclosures · Home Prices · housing market · sell my house · short sale · stop foreclosure

Two completley different headlines using the exact same source for data. Unreal!

Home prices rise 0.3 percent in December

Home Prices Fall In December but Annual Slide Slows

Home Prices

www.americasbestrehabs.com is the newest website launched by Merida Marketing Co Inc, the group behind www.sellmyhouse.com.

Since 1995, the owners behind the website SellMyHouse.com have developed a reputation as one of the most trusted and respected real estate organizations in the business. Over the years, we have expanded into a national company and are considered to be one of the foremost experts in the real estate investment community investing primarily in distressed foreclosure properties.

As one of the first investment companies to control the process from lead generation to resale, the owners have spoken in front of several investment groups all over the Country.

AmericasBestRehabs.com will focus on 2 facets of the business. First, we plan to use the website to keep our national investor network informed of the latest REO, short sale, and wholesale single family and commercial properties generated from our internet marketing platforms and network of investors and Realtors.

Next, we plan to offer new investors the advice and platforms needed to actually make money as an investor in today’s market thru our partnership opportunities. For seasoned investors, we plan to offer funding sources and solutions geared to help them meet current market demand.

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