It's been busy in our office. To catch you up on some of the recent real estate news:
National Association of Realtors reports sales of existing homes rise in May, giving the market it's first back-to-back months of increased sales since 2005. Can we call it a trend? Time will tell. Read more here: National Association of Realtors May Existing Home Sales
California has 90-day moratorium on foreclosures starting June 15. Do you qualify? Read more here: California Foreclosure Prevention Act
Federal Reserve leaves Fed Funds Rate atatus quo. To read more: Federal Reserve June 24 Press Release
and finally ...
The National Association of Home Builders reports sales of new homes nearly flat in May. Read more here: NAHB May New Home Sales