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first time homebuyer tax credit: Are Short Sales Losing Their Glow? - 10/05/11 08:18 AM
According to a recent report referenced by CRS, Short Sales Are Losing Favor With First-time Buyers - SLIGHTLY
Short-sale transactions are becoming less popular among first-time homebuyers, according to the latest Campbell/Inside Mortgage FinanceHousing Pulse Tracking Survey. 39.7 percent of all short-sale purchases in August were made by first-time homebuyers.  In constrast, first time homebuyers purchased 54.1 percent of all short-sales in November 2009, just before the original federal homebuyer tax credit was set to expire. It marks the third straight month that short-sale purchases among first-time buyers declined. 
On the other hand, maybe it is not that first tme homebuyers are turning … (14 comments)

first time homebuyer tax credit: Tougher Loan Requirements May Be Coming to FHA - 12/06/09 09:41 PM
   Here we go again. The ink is not dry yet on the bail outs that Congress had to generate to keep us from financial disaster just months ago, and the bad news continues to seep out.  An auditor reported last month that FHA's capital reserves  had plunged to $3.6 billion  - 0.5% of the $685  billioin in loans insured by the agency and well below the stautory minimum of 2 percent.
  Last week the agency took steps to correct this situation. On Monday FHA proposed regulations that would require lenders to meet much higher capital standards and hold them accountable … (5 comments)

first time homebuyer tax credit: Forget the L shaped recovery or the V - it's a W - 10/08/09 11:17 AM
The sharp fall in housing prices has slowed and in some areas even stabilized, thanks to the first time homebuyer tax credit and the historically low interest rates. However, we shouldn't count ourselves out of the woods yet!  The supply of homes already in the foreclosure process will no doubt drive home prices down even further when they are sold. This will result in a second downward path in the housing market before we will be able to really see a real recovery.
In addition to the supply of homes already in the foreclosure process, there are other homes that the banks have not yet taken back.
13.54 percent … (9 comments)

 
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Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA,Coldwell Banker

Washington, DC

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Keller Williams Metro Team Realty

Address: 15204 Omega Drive, Rockville, MD, 20850

Office Phone: (240) 401-5577

Cell Phone: (240) 401-5577

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As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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