Houston Builder Will Buy Your Home Back! - 08/19/08 06:15 PM
In new twist, a builder in Houston is now offering to buy a home back from the buyers within the first 2 years they own it if they decide to sell.  Although the details are murky at this point, these $700,000+ homes are in a strong market, and the builder is counting on prices to remain strong.  The builder will buy the home back at the same price they sold it.
There have been a lot of gimmicks that builders have used in the past to get inventory moving, but this one seems to be well-grounded in confidence in the local real … (2 comments)

Fannie and Freddie Could Further Hamper Buyers' Financing. - 08/18/08 09:23 PM
Fannie Mae and Freddie Mac's quasi-government status has always been a sore point for free market investors.  It now looks like the biggest buyers of Mortgage-Backed Securities are pulling back from their stated purpose as organizations.
Both groups were created to buy loans from banks, thereby freeing up the banks' funds and allowing wider and less-expensive lending for home buyers.  Now, they've simultaneously announced that they'll be backing off buying MBSs and concentrating more on buying jumbo loans.  While that may create a bit of relief for jumbo loan applicants' interest rates, it will probably end up increasing rates for the … (18 comments)

 
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Sam DeBord - Seattle Real Estate Broker

Seattle, WA

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SeattleHome.com -Coldwell Banker Danforth

Address: 222 Wall St #100, Seattle, WA, 98121

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