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Good time to buy, bad time to sell. The housing index from the National Bank has been released for February. What it shows is a dramatic decrease in housing prices in Vancouver.

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According to the National Association of Realtors (NAR), existing home sales increased 7.2% in July from the previous month – the first time home sales have been up for 4 consecutive months in over five years. This also marks the largest monthly increase since they began keeping track in 1999.

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The home selling market is in a state of transition. For months, economists have been saying the housing market was about to change course — from a sellers’ market to a buyers’ market, and possibly from a value bubble to a bust. However, statistics and indicators do not currently point to a definitive direction to be taken by the market, according to a report issued by Freddie Mac, one of the nation’s primary buyers of existing home mortgages.

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When Shoreline, Washington native Thai Huynh was looking for a modification company, he didn’t know where to start. The media makes such a point of telling homeowners to be wary of guarantees and false promises. With so many scams taking advantage of desperate homeowners, people need to be on guard.

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The economy is still struggling for stability. Based on a real estate reports, there are about a quarter of a million families facing a foreclosure every three months. When a borrower faces a foreclosure, feeling hopeless can be unavoidable.