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04/28 2009

Worst may be over for new home sales

WASHINGTON (AP) — After a staggering 74 percent decline from the peak in July 2005, new U.S. home sales appear to be bottoming out. READ MORE

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03/26 2009

Mortgage Rates May Fall on Fed’s Moves

By ALAN ZIBEL, AP, March 18, 2009
If you’ve got a good job, solid credit and your home’s value hasn’t fallen dramatically, you’re likely to benefit from the Federal Reserve’s extraordinary action Wednesday to help drive mortgage rates to historic lows and revive the U.S. housing market. READ MORE

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03/16 2009

Bernanke: recession could end in ’09

Jeannine Aversa, AP Economics Writer,Sunday March 15, 2009, 9:07 pm
WASHINGTON (AP) — America’s recession “probably” will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview. READ MORE

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03/10 2009

Home Valuation Code of Conduct (HVCC) Update

March 6, 2009, Dulles Area Association of Realtors
Last December, New York State Attorney General Andrew M. Cuomo, Fannie Mae and Freddie Mac (government sponsored enterprises) announced the final agreement of the Home Valuation Code of Conduct (HVCC) Update. READ MORE