House and Senate agree to extend Loan Limits thru 2010! $729,750 limit good for next 13 months. More details to come.

Phenominal $40K Price Reduction on home in Centreville, MD. See it here – http://bit.ly/QNlNU

New under MHA, mitigator will only consider possibility of short sale if modification or refi fails.

Short sale commentary

With short sale inventory rising; buyers walking from short sale offers frustrated; Realtors frustrated; are more foreclosures coming?

Strategies for Selling Your Home

“Strategies for Selling Your Home” unlocks the secret of the most important element of selling a home. Get the DVD http://ping.fm/t760O

Summer may offer opportunity for good buys with lots of inventory and low rates.

Unemployment up, consumer confidence down. Mortgage application statistics dues out this week – employments concerns and appraisal issues have taken some steam out of application activity. Thank you HVCC!

10 day forecast calls for rain over most of the 10 days. Have to be ready to film video for http://ping.fm/cJZYz if the sun shines!

Senate Bill S1230 supported by the National Association of Realtors and the Mortgage Bankers Association, proposes to replace the current $8,000 home buyer credit for 1st-time buyers, with a $15,000 home buyer credit for all buyers with no income limitations. If you support this, contact your legislative representatives and let them know!

Have Prices Hit Bottom? IAS 360 House Price Index reports that national home prices were flat in the month of May 2009 for the first time in a year.