Local RE Market Update: SLC Homes Sales Totaled $60 Million in February » Mortgage Masters Group

Local RE Market Update: SLC Homes Sales Totaled $60 Million in February Mortgage Masters Group I think it would be unusual for a couple earning $160,000 to have ~$350,000 in savings for the down payment they’d need to qualify for a mortgage on a $1 million dollar home, but what do I know.

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Local RE Market Update: SLC Homes Sales Totaled $60 Million in February Mortgage Masters Group Pending sales rose nearly 8 percent from a year ago, closed sales were up 5.2 percent, and prices jumped about 8.2 percent, with 14 counties reporting double-digit gains.

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WASHINGTON (Associated Press, Real Estate Center) – The nation’s housing market cooled last year after a five-year boom, with sales of previously owned homes falling by the largest amount in 17 years. The National Association of Realtors (NAR) said sales of existing homes totaled almost 6.5 million units for 2006, down 8.4 percent from 2005.

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How about a few more WaMu updates. The (bad) news seems to keep coming for the Seattle-based bank. First up, a look back at how WaMu got itself into this mess, courtesy of the Seattle Times: Where WaMu went wrong. This article has its own thread in the forums, so be sure to check that [.]