Real estate blog entries tagged with housing by ONLY THE SUN COVERS CHARLOTTE BETTER! Michele Latham, Broker,ABR,GRI,CRS (Allen Tate Realtors)

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Home : Blogs : ONLY THE SUN COVERS CHARLOTTE BETTER! Michele Latham, Broker,ABR,GRI,CRS : Only the Sun Covers Charlotte Better! : Tag "housing"

housing: FHA's new rule may hurt the purse of some buyers! - 02/23/10 11:29 AM

FHA's new rule may hurt the purse of some buyers! Starting April 5, 2010, FHA is raising it's MIP from 1.75 to 2.25%, boosting the minimum down payment for borrowers with a credit score lower than 580 up to 10%! PLUS- it's reducing what the sellers can pay towards closing costs by half (down from 6 to 3%)...
For more information, contact me at 704-201-4602
"Only the Sun Covers Charlotte Better!"
… (0 comments)

housing: Housing Market Demand Increases - 12/10/09 09:18 AM

Supply and demand drives our economy and determines prices for goods and services. This is especially true in the housing market. Often, you will hear the housing market categorized as a buyers' market (more houses for sale than demand) or a sellers' market (more buyers than houses for sale). This categorization or type of housing market is determined by looking at the months' supply. Months supply is the ratio of inventory available for sale at the seasonal sales pace in a given month. This figure is calculated by dividing the number of homes for sale by the number of homes … (0 comments)

housing: New Updated Information on Tax Credit - 12/01/09 01:22 PM

The Tax Credit has been extended.
The opportunities have been expanded.
See if you qualify.

On November 6, 2009, President Obama signed into law a bill to extend the $8,000 first-time homebuyer tax credit and expand the tax credit to include repeat buyers and those with higher income levels.
Who qualifies?
First-time buyers

The bill extends the $8,000 tax credit to first-time buyers who purchase a principal residence. Homes must be under contract by April 30, 2010 and close no later than June 30, 2010.
First-time buyers are defined as any taxpayer who has not owned a home during … (0 comments)

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ONLY THE SUN COVERS CHARLOTTE BETTER! Michele Latham, Broker,ABR,GRI,CRS

Charlotte, NC

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Allen Tate Realtors

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