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Email not displaying correctly? View it in your browser. NAR Reports Big Rebound in Home Resales A surprising jump in the number of existing-homes sold in September pushed the monthly tally to its highest level in more than two years, the National Association of Realtors (NAR) reported Friday. After a disappointing showing in August, a 9.4 percent increase in sales of previously-owned homes in September marked the fifth monthly gain in the past six months. The trade group says the surge in the numbers is largely because of increased activity from first-time buyers. Employee Secrecy Pacts Thwarting Investors in Freddie Mac Lawsuit A group of investors are suing Freddie Mac for fraud for not properly disclosing the risk of mortgage-backed securities, but the plaintiffs say they have been stymied in their efforts to gather evidence by a secrecy pledge binding former employees who accepted severance packages. Commercial Real Estate is Weakest Sector, but not Systemic Risk: Fed Beige Book Commercial real estate is now the weakest economic sector in the country, as residential real estate is improving, the Federal Reserve said in its regular Beige Book report. Conditions for commercial real estate were described as either weak or deteriorating across all Fed districts, but while losses on these loans are mounting for regional and community banks, this does not represent a systemic risk to the broader economy, one Fed bank president said. Fannie Offers Mortgage Forbearance to Investors Mortgage giant Fannie Mae said this week that it will retire its HomeSaver Forbearance (HSF) program and replace it with a new Payment Reduction Plan (PRP), which will extend the benefit to investors and owners of second homes. Subheading Click here to add your side column copy and images. Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile

Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.robsellscharlottesville.com
Oh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia