St Louis Housing Affordability - St Louis Real Estate News

Home sales and prices increase in Midwest in June

By Dennis Norman, on July 23rd, 2009

Dennis Norman

By: Dennis Norman

The National Association of REALTORS(R) released its existing home sales report for June showing an increase in sales for the 3rd month in a row as well as higher prices in June.

Existing home sales, including single-family, town-homes, condominiums and co-ops increased 3.6% in June to a seasonally adjusted annual rate of 4.89 million units. This rate is almost identical to last years sales at the same time which is a first in a quite a while. May’s rate was down 3.6% from a year ago and June is down just 0.2% from a Continue Reading →

Avoid mortgage modification and foreclosure rescue scams

By Dennis Norman, on July 16th, 2009

By: Dennis Norman

Recently the The Office of the Comptroller of the Currency issued a Consumer Advisory. The Advisory contains consumer tips for avoiding mortgage modification scams and foreclosure rescue scams.

The advisory states; “Scams that promise to “rescue” you from foreclosure are popping up at an alarming rate nationwide, and you need to protect yourself and your home. If you’re falling behind on your mortgage, others may know it too – including con artists and scam artists. They know that people in this situations are vulnerable and often desperate.”

The OCC suggests that before you do business with someone Continue Reading →