|
| |
Mortgage Update 11/28/2007 - 11/29/07 10:41 AM
.jpg?1355330012)
More good news: Freddie Mac conforming loan limits are unchanged for 2008 (thankfully they did not lower them since it is reported also by the Business Journal that the country's average home prices dropped 4.5% this year)
Through December 31, 2008, Freddie Mac will continue to purchase home mortgages up to the following loan amounts:
For properties in the United States (except Alaska, Hawaii, Guam & U.S. Virgin Islands)
$417,000 for mortgages on one-family properties $533,850 for mortgages on two-family properties $645,300 for mortgages on three-family properties $801,950 for mortgages on four-family properties Any loan above these amounts is a Jumbo.
Here's a sample of … (0 comments)
|
Charlotte Area Housing Market - 11/29/07 10:36 AM
Great news from the housing statistics for the Charlotte Area
This was reported in the Charlotte Observer Business Section on Wednesday, Nov. 28, 2007:
Charlotte is tied for the largest home price increase among the country's 20 largest metro areas in the last year". Seattle was the tie and both cities saw a 4.7% increase.
Only five cities in the Nation gained ground according to Standard & Poors index for housing prices. Overall, U.S. home prices fell and average of 4.5%, the sharpest drop since S&P began its tracking of housing prices back in 1987
… (0 comments)
|
House Not Selling? - 11/08/07 01:26 PM
Expired Listing - Guaranteed
Here are several ways Sellers can guarantee their home listing will expire without being sold.
l. Test the waters to see if you can get your price, without being really motivated.
2. Price wrong - Buyers establish the price, and that's where goo comparative sales data comes from. They are not interested on what the Seller wants or needs. If the price is not supported by past sales prices on like properties in that area, the Buyer will not offer.
3. Don't listen to your agent, or even use one. Professional us other professionals to diagnose and treat. An attorney thinks … (0 comments)
|
Buy vs. Rent - 11/05/07 02:12 PM
Waiting to Buy Could Cost You $,$$$'s
If you are currently renting an apartment or house, and are waiting for the perfect conditions to present themselves to purchase a home, it probably won't come. Even if it does what you may have sacrificed in additional rental payments and lost income tax deductions will more than exceed what you may have gained in a lower interest rate, if the interest rate were indeed lower.
For example, a family renting a two-bedroom condo for $1,450. per month will spend $17,400. on housing for the year, and it is all down the drain, no home equity, … (0 comments)
|
Housing Forecast for 2008 - 11/02/07 09:52 AM
According to the Real Estate Buyer Agents Council and National Association of Home Builders Encouraging News from tOctober 26, 2007 -
Though there appears to be no let-up to the current housing downswing, economists participating in the National Association of Home Builders Fall Construction Forecast Conference on Oct. 24 said they expect the industry to bottom out and to start turning around in 2008. Acknowledging that there is definitely downward momentum in the market at this time, with starts, sales, prices and permits off, and problems in the subprime and Alt-A mortgage markets, NAHB Chief Economist David Seiders said that … (0 comments)
|
|
|
|
L Dean Davidson
Waxhaw,
NC
More about me…
Keller Williams Realty - Ballantyne
Office Phone: (704) 887-6600
Cell Phone: (704) 661-3814
Email Me
Your Own Real Estate Information Conduit -
Timely, Thoughtful, and Thorough.
What do you want to know?
 Links
Archives
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
.jpg?1355330012)
;)
;)
