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Article: National Association of Black Mortgage Brokers Attribute Drop in October Home Sales to Lack of Homeownership Programs.
- Article from:
- Real Estate Weekly News
- Article date:
- December 12, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The following statement was issued today by Joy Jamison, President of the National Association of Black Mortgage Brokers in response to October existing-home sales figures released by the National Association of Realtors. A 3.1 percent drop was reported in sales and the median home price suffered its largest drop on record.
"The grim 3.1 percent drop in existing-home sales in October released by the National Association of Realtors may be just the tip of the iceberg. There are an abundance of homes sitting on the market waiting to be purchased and there are hundreds of thousands of hardworking Americans, particularly minorities, who want nothing more than to be ...