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

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