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Market Studies

NAR: Home Prices Decline in Four of Five Metros

Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, according to the National Association of Realtors’ (NAR) quarterly survey released today. In addition, NAR said, existing-home sales fell from the second quarter in 32 states.

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Craig Long LLC Adds Associate Attorney

Craig Long LLC, a real estate law firm with offices in Cumming and McDonough, Georgia, announced today that Ashley Carroll has joined the firm as an associate attorney. In this role, Carroll will conduct closings and handle other general legal practice matters for the firm’s McDonough office.

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NAR: Home Sales Down on Tight Credit and Economic Slowdown

Pending home sales in September fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors (NAR). The association released its Pending Home Sales Index (PHSI) today, which is a forward-looking indicator based on contracts signed in September.

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Lender Survey: GSE Takeover Was Necessary

According to information released today from MORTECH LLC, a company that has provided research on lender attitudes and behavior and their use of technology for the last twenty years, early returns to the MORTECH 2008 survey show lenders overwhelmingly agree that the federal government had good reason to intervene in the operations of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac when it stepped in and took conservatorship of the two companies on September 7 of this year.

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