buying real estate: Mortgage Credits Adjusting to the Market Recovery
- 05/23/13 06:05 AM
Mortgage standards that have kept many potential buyers out of the market are beginning to loosen. In addition, banks are speaking about increasing their mortgage business soon and shore up their residential mortgage assets within the next year. All these prospective changes are being driven by a sharp rise in mortgage demand in conjunction with more home purchase applications being approved (60% compared to 55% of a year ago). This will combat but not fully eliminate the highly competitive home buying market that will still require standards such as 20% down. “Fear Fannie Mae and Freddie Mac will force lenders to take … (0 comments)
The American Dream has at its core the idea of home ownership. The dream, according to CNBC-All-American Economic Survey, is being acknowledged more and more. 79% of Americans believe home ownership is the essential piece of the American dream. 69% of Americans think owning is more advantageous to renting. Home ownership is regaining the confidence it had in re-recession times.
“The housing numbers are all heading in the right direction,” reports Diana Olick for CNBC. “Home prices up, foreclosures down and, perhaps the most important, consumer confidence in housing is swelling.”
The one demographic that still seems to be the unknown element … (2 comments)
buying real estate: Current Real Estate News: Vacation Homes
- 06/20/12 02:46 AM
Vacation-Home Buyers are Back DAILY REAL ESTATE NEWS | TUESDAY, JUNE 19, 2012 Real estate practitioners in vacation spots across the country say the market for second homes is picking up steam as buyers grow more confident given signs of growth in small businesses. The National Association of REALTORS® reports a 7 percent jump in vacation sales to 502,000 last year, accounting for 11 percent of all volume. The median vacation home price was $121,000 last year, down from a peak of $204,100 in 2005, but agents in some locales say prices are beginning to creep up as the distressed inventory … (0 comments)
buying real estate: Checklist to Condo Buying:
- 05/22/12 05:54 AM
Here are ten starter questions for you when you enter into the condo buying market: What are the monthly condo fees and what do those fees cover? What restrictions/rules/regulations on the condo? How much is in capital reserves and how much gets funded each year? Are there any contemplated/pending special assessments? Is it professionally or self managed association? Are there any on-going legal waves going on with the condo? How many units are lived in by owners v. renters? What is the condo fee delinquency rate? Is there standing ownership over common areas? What does the master insurance policy cover? Read … (0 comments)
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