33% of the sales were distressed units and 51% of the borrowers were first time home buyers. Just think where we’d be without the 8K program
The unemployment picture however, will not heal with growth below 3.0%. Existing Home Sales were also on tap, up 7.4% to 6.54 million units annualized. 33% of the sales were distressed units and 51% of the borrowers were first time home buyers. Just think where we’d be without the 8K program.