In an article in Forbes magazine dated June 9th, the title was that "US Pending Home Sales Move Higher in April." That's GREAT NEWS and proof that you will find what you are looking for. If you look for the bad reports you will find them. If you look for the good you will find them!

Great Time to Buy

FACT: Home sales are only 13% below what they were a year ago. With the % number of agents and mortgage originators that have left the business there are is a higher grade of professional available to the consumer!

FACT: The NAR (National Association of Realtors) adjusted index of pending sales increased to 88.2 from a March reading of 83.0. To give you a comparison, the April of 2007 index was at 101.5. Not quite the bust the media is reporting, down but not out.

FACT: Rates are low NOW. Now is a great time to buy, the rates are good and the supply of great deals is at it's highest. Don't miss your chance for a great deal and great interest rates before the rates go higher as the fed has already annouced that they will do. Rent your home out to buy. There are lot of renters out there that will be glad to do a lease/purchase or a long term rental so that you can buy another home. It's easier than you think with the right Realtor and Mortgage Professional on your side to guide you and provide your renters with a plan to purchase.

John Bohannon
Senior Loan Officer, White Star Mortgage
VISIT US AT WWW.NEWLOANTEAM.COM FOR 100% FINANCING PROGRAMS, RATES, BIO AND TO APPLY NOW!