Daily Real Estate News update from CNBC.
* NAR revised the ‘pending home sales’ data DOWN..2.8% for Jan and 1.5% year over year. This is an important statistic to follow because its a clear indication what direction the market is headed. Few pendings = fewer closings = more price drops = more underwater owners = more distressed sellers who will need to see via a short sale to avoid a foreclosure. Watch the FREE Agent Short Sale Secrets video and download the FREE Short Sale training guide now.
[VIDEO] New Mega-Agent Secret System Revealed! Make Positive & Immediate Changes. No Illegal Cold Calling. No Begging for Referrals. No Gimmicks. Proven System Used By 1000’s of Agents Nationwide. FREE Step-by-Step Guide and Training Video. Notice: First 277 agents only, so hurry!. Watch Video and Download Free Books Now.
* Fannie Mae reports results from a recent survey: 64% report that they feel housing is a ‘safe investment’….that is actually a slight improvement over this time last year.