Short sales take four months or more to complete via dsnews.com. Dur. I could have unofficially told you that news.
FHA leader Dave Stevens (formerly of Long&Foster) is leaving his post according to The Washington Post. He spoke at one of our office meetings shortly before he was appointed to FHA. He was funny and had amazing ideas. I'd love to pick his brain after working as a White House appointee. He's enacted widespread changes in FHA regulations. Sometimes I didn't like them but they will strengthen the program.
DC area Tops Inman Real Estate Markets to Watch as reported by Urban Turf. Hot diggity!
Happy Monday.
*graphic via Realty Trac
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