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Industry Observer - CDRE #01044712



On January 22, 2012 National Association of Realtors® (NAR) reported that nationwide existing home sales In December of 2012 were lower 1% from November 2012, but 12% higher from December 2011. First time buyers acquired 30% of homes in December of 2012, same as 30% in November 2012, but lower fr...
On January 7, 2013, Comptroller Thomas J. Curry of the Office of the Comptroller of Currency (OCC) stated that a settlement has been reached with 10 mortgage servicers, for dishonest practices in mortgage loan servicing and foreclosure process, according to Bryan Hubbard (202) 649-6870 of www.occ...
On January 17, 2013, California Association of Realtors (C.A.R) reported that home sales in California increase of 0.8% in December of 2012, from November of 2012, and 0.9%  December of 2011. There were 2,6 months supply of available inventory single family homes in December of 2012, lower from 3...
On January 11, 2013, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the December 2012 edition of the Obama Administration’s Housing Scorecard on the nation’s housing market. The housing scorecard data shows some improvement and home equ...
On January 1, 2013 The Congress passed H.R. 8 legislation the “fiscal cliff” bill, and on January 2, 2013  President Barack Obama signed into law. Some notable new real estate laws went into effect in “fiscal cliff” Bill:Mortgage dept cancellation relief is extended to January 1, 2014, Mortgage i...
I hope everyone had a great and successful year in 2012, and let us all welcome the New Year with open arm, peace, happiness, health, abundance of new friends, and success throughout 2013. I want to wish each and every one to my friends and all the members at Active Rain community a healthy, joy...

John Pusa

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