Here’s the end of the month sales data from May, 2010 with a few interesting breakdowns for you. FHA financing was obtained on 37% of all sales this month compared to 24% for May in 2009. FHA financing is now one of the primary methods of obtaining a mortgage with less than 10% down. There’s a lot more information about FHA loans here FHA.com
Condos represented 24% of sales for the month of May compared to 28% last year for May.
267 total sales were completed versus 210 for the same month last year.