My Financial Healthcheck

Existing home sales fell 2.7% from July to August, snapping a four-month streak of increases.  The August numbers fell despite low mortgage rates, as well as home prices that have come down significantly in the past year.  Distressed property sales comprised 31% of home resale’s in August.  New home sales inched up 0.7% In August, which was well below expectations.  The median sales price of new homes fell significantly, to $195,200, from a revised $215,600 in July.  There are some 2.5 million homes in the foreclosure process, as long as the employment market continues to lose jobs expect these numbers to grow.  Most of Washington’s attempts to fix things are not working,  due to the fact that most State and Government agencies are inept and so much corruption goes on.  Interest rates at the end of September starting slowly falling towards the high 4%, low 5% level.  These rates are only available to those with the best credit scores, property equity and have low debt ratios.