Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers’ rising stock portfolios.

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Great video from the WSJ about high-end vacation homes, which are building smaller, less expensive houses in resort communities as home sales slump in major markets across the country.

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Posted via email from Deven Spear’s Posterous

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The highest month-over-month percentage increase in more than a decade! http://online.wsj.com/article/SB125085108563549051.html Posted via email from Deven Spear’s Posterous

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NEW YORK (AP) – The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner. Data provided by credit reporting agency TransUnion shows the ratio of mortgage holders who are 60 days or more behind on [...]

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