Mortgage Loan Network

“One month does not make a trend”

The ailing housing market showed a glimmer of life last month with existing home sales in all but one West Valley community posting year-over-year gains. via Daily News Sun

“The total amount spent may be increasing, but the quality is also increasing, and the median masks some potential price weakness.”

Washington’s home sales are down, and the dip is more pronounced in the Central Puget Sound region, which has the lion’s share of the state’s housing transactions. via NWCN.com

“These factors will continue to exert downward pressure on housing starts.”

Canada’s housing market boom is over for the foreseeable future, but it won’t be followed by the kind of bust that has characterized the U.S. subprime meltdown, say two real-estate reports released Thursday. via Calgary Sun

Get insider secrets to avoid costly blunders on the most important investment of your life. via HGTV

“If there’s anything serious going on like domestic violence or other kind of abuse or ongoing infidelity anything that makes it untenable or dangerous to live together then there has to be an alternative”

During the Great Depression, the divorce rate dropped sharply. Couples couldn’t afford to pay the legal fees to split up. via KING5 Seattle News

DISCRETION HELPS: Adopt a cautionary approach while putting your house on sale. The news of someone selling a house brings to mind the scope for a cheap buy. via The Hindu

“Conditions in the homebuilding industry remain challenging”

Fewer Americans signed contracts to buy previously owned homes in March for the second consecutive month as falling prices and tougher loan rules discouraged buyers. via Inside Bay Area

WCI Communities Inc. , the Florida homebuilder whose chairman is billionaire Carl Icahn , reported its sixth consecutive loss as orders plunged in a state that’s among the hardest hit by the housing slump. via Bloomberg

Pending home sales dropped to a new low in March, an industry group said Wednesday, signaling the housing slump has yet to bottom out even as the spring sell season gets under way. via PR-inside.com

Existing home sales are expected to fall 11.5 per cent in Canada this year and 4 per cent in 2009, according to a forecast released Tuesday by The Canadian Real Estate Association . via Globeinvestor.com