According to ALTA, the allowance of Wall Street Home Resale Fees would force homeowners to pay a large fee to sell their homes and also add a complicated legal roadblock to the home sale process. As a result, this controversial financial scheme is facing opposition across the country, ALTA said.
May housing sales up for 9th month in a row as closed units up 19.8 percent over May 2009 while prices climbed 6.9 percent in same period. All regions were up strongly in both units closed and average prices. Continued impact of tax credit and low interest rates are main reasons.
Defying many analysts’ predictions, economists Justin Weidner and John C. Williams say the rebound ‘is likely to be faster than from the two previous recessions.’
YTD sales of Palatine Homes are running 28.3% higher than the same period in 2009.