November Housing Slump a Blip as Buyers Took Wait-and-See Attitude

At the moment, much of my PR activity is geared to one of my other favorite subjects: real estate.

In our ongoing series on the national housing market, my friends at Network Mortgage, LLC of Chicago have this to say about Tuesday’s news that home sales contracts dropped 16 percent from October to November:

“Sour news on housing sales for November does not signal a major market downturn, but rather a temporary retreat by prospective homebuyers who stayed on the sidelines to learn whether Congress would offer more help.

Residential mortgage experts at Network Mortgage, LLC maintain initial uncertainty regarding extension of the first-time buyer tax credit prompted homebuyers to hold off on making a purchase.”

Read the full story

CONTACT:  Juan F. Lopez, Network Mortgage:
773-404-7800 or info@network-mtg.com

Silver Lining in Decline in Housing Starts

For years I’ve been a follower of real estate.  And, in fact, up until 11 weeks ago, I earned a fine living helping build the brand for an association comprised of real estate professionals.

This week, the U.S. Commerce Commission released some statistics that revealed housing starts in October 2009 were down 10.6 percent — a significant drop.

But according to the professionals at Network Mortgage, LLC, of Chicago, there’s a “silver lining” in this news: Reduced existing inventory, which should help keep for sale prices down and possibly move homes that have been on the market for months.

I’m not a mortgage or housing expert, but Juan F. Lopez of Network Mortgage is.  Read what he has to say:  http://tinyurl.com/yk4a57t

Or contact Juan at: 773-404-7800 or info@network-mtg.com