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How Low Will the Real Estate Market Go?

Saturday, 27 September 2008 21:01

Though the national real estate market remains bleak--in some neighborhoods vacant homes outnumber those that are occupied and sellers are being forced to lower asking prices in a bid to lure bargain hunters--it's assumed that when housing dips to a point where buyers think it represents a bargain, they'll buy back in.

How To Buy a Foreclosed Home With Government FHA Support

Saturday, 27 September 2008 20:58

FHA extends financing for immediate purchase of foreclosed homes.

Measure seen to bring stability to home values and accelerate sale of vacant properties.

WASHINGTON - In an effort to stabilize declining home values in certain neighborhoods, the Bush Administration today announced a temporary policy that will extend government-backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties.