Housing Mortgages Information

Existing Home Sales and Prices Fall in January

Existing-home sales including single family residences, condominiums, townhomes, and co-ops continued to move downward in January, as did their median prices according to the monthly survey released on Monday by the National Association of Realtors.

Lawrence Yun, NAR chief economist, said many potential buyers remain on the sidelines. "Subprime loans and other risky mortgage products have virtually disappeared from the marketplace, and..."