Inman PM: NAR: existing-home sales slip in February

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ADVERTISEMENT Short Sales predicted to rise by 50% Federal and mortgage industry officials search ways to get distressed homeowners out of their homes without forcing a messy and expensive foreclosure. Experts discuss how to profitably seize the vast upside … Continued TODAY'S TOP STORIES = Premium Member News - Join Now » Tuesday, March 23, 2010 NAR: existing-home sales slip in February By Inman News Existing home sales dipped 0.6 percent in February, but are up 7 percent compared to the same month last year, according to a report by the National Association of Realtors. The monthly decrease was driven by a 1.4 percent month-to-month decline in single-family home sales, which make up the vast majority of existing home sales. Sales of resale condos and co-ops, meanwhile, rose 4.8 percent month-to-month. They also rose 30.3 percent year-over-year, compared to a 4.3 percent increase for single-family homes. More » Financial reform bill moves forward Lenders don't like 'skin in the game' requirement 3 prison-bound in $4M mortgage fraud Bogus title company, straw buyers used Beat IRS at its own game Book Review: 'Tax This!' Asbestos: how inspectors avoid trouble Know what to disclose OTHER TOP STORIES Part 2: Weeding out industry players Low-impact social media Realtors see the strangest things Loan mod 'blackmail'? Latest News »	ADVERTISEMENT Women make 91% of real estate decisions. Attract + convert women buyers and sellers. Women's Real Estate Designation. $75 off with code: INMAN www.WRELDA.com READER COMMENT "When the housing market is improving and the number of transactions is increasing, it also stands to reason that average broker commission rates will come down as sales volume rises. Thus, if brokerage commission rates do resume their decline by 6 basis points per year through 2020 then it will be a nice problem for the industry to have, since the over-arching reason for that will be that home sales are on the rise again." --Mark Panus, Realogy TARA-NICHOLLE NELSON Right mortgage a 'holistic' choice The house that got away High offer can botch short sale More Tara-Nicholle Nelson »
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