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YouMail: The new voicemail

By Frank Borges LLosa, Friday, November 27, 2009.

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California resale inventory shrinking

By Inman News, Friday, November 27, 2009.

Inventories of existing single-family homes in California are dwindling, reaching just 4 months of supply as sales picked up from September to October, the California Association of Realtors reported.

Home sales historically trail off during the fall and winter months, CAR said, but affordable home prices, low mortgage rates, and the extension and expansion of the federal homebuyer tax credit are expected to drive home sales through the end of the year and into early 2010.  more...

Non-investors get Fannie REOs first

By Inman News, Friday, November 27, 2009.

Fannie Mae has launched a new program that's intended to give public entities and buyers looking for a home to live in, rather a property to flip, a first crack at homes Fannie has foreclosed on.

Under Fannie Mae's 'First Look' initiative, only offers from buyers who intend to be owner occupants and buyers using public funds will be considered during the first 15 days a property is on the market. Offers from investors will be considered only after the first 15 days have passed.  more...