The index of pending home sales fell 1.8 percent, the first drop this year, after a revised 0.6 percent increase in May, according to the National Association of Realtors figures shown last Wednesday in Washington.
The Commerce Department figures showed last week that Purchases of new U.S. homes fell also 6.8 percent to a 482,000 annualized pace in June, the weakest since November.
Sandy Flores Broker/Realtor (714)963-7462
Yes! There are programs to assist First Time Buyers to purchase a home. These programs are available to homebuyers that have not owned/held interest in a principal residence in the past three years.
These Programs provide First time buyers a differed 30 years second mortgage loan that vary from $40,000. and up to $125,000. depending on what city you’re applying and availability of funds. Funds are available until used up…First come First served!
For these homeownership programs, applicants must complete a pre-purchase homebuyer counseling program.
All applicants must be pre-qualified with the pre-qualification lender assigned to the property if they are interested in purchasing. However their first mortgage can be from any lender as long as the loan meets program requirements.
This First Time Homebuyer Program is being funded by the U.S. Department of Housing & Urban Development HOME Program. GREAT time and BEST opportunity!