Article: National Association of Black Mortgage Brokers Attribute Drop in October Home Sales to Lack of Homeownership Programs

To: REAL ESTATE EDITORS

Contact: Brian L. Morris, for National Association of Black Mortgage Brokers, +1-301-910-5677, bmorrisusa@yahoo.com

Call for Reinstatement of Seller-Funded Downpayment Assistance

WASHINGTON, Nov. 25/PRNewswire-USNewswire/ --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 ...

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