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900 N. Kings Highway, Cherry Hill, New Jersey 08034
856.667.4100 · 215.563.0276 · Fax: 856.667.3652
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The Online Advisor
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August 2007
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Smart Business
What’s new on the home front?
Existing home sales fell to a four-year low in May, with the median home price declining for the 10th straight
month.
According to the National Association of Realtors, the number of homes for sale is now the highest in 15 years.
To add to the housing market's woes, mortgage companies are tightening requirements for home loans. Buyers are
expected to have higher credit scores and to put down larger down payments.
For details on exactly what business records you need and how long they should be kept, call us.
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