Many Americans Don’t Understand Homeownership: Survey
A new survey by the National Foundation for Credit Counseling and MSN Money finds that many Americans struggle to understand mortgages and the home-buying process, and they lack basic financial skills and resources to cope with economic hard times. One in 10 Americans with a mortgage, or about 10 million adults, reported being late or [...]
NAR Forecasts Improving Home Sales Later This Year
Existing-home sales activity is projected to remain soft for the next few months before improving by the end of the summer, reports NAR in its latest forecast released today. Existing-home sales are projected to total 5.39 million for 2008, down 4.6 percent from 2007, and then rise 6.1 percent to 5.72 million in 2009. The [...]
