housing: Is It Too Early To Call It a Trend?
- 02/02/09 08:27 AM
Earlier this week, the National Association of Realtors reported that in December, existing home sales rose unexpectedly while inventory declined. Over the past few months we have started to see a gradual turnaround in home sales in Northern Colorado. So why the sudden, surge in sales? Here are a few reasons:- A lot of people who were previously priced out of the housing market can finally buy.- With interest rates under 5%, a buyer's purchasing power is at its best in more than three decades.- After months of increasing or stable inventory, we are finally starting to see the numbers fall.- … (0 comments)
housing: What The Latest Federal Housing Bill Means For You
- 07/29/08 08:46 AM
By the time you read this, it is likely that the White House has approved legislation that will have a sweeping impact on the national housing market. Just how much of that will be felt locally remains to be seen. Here's a brief look at just one of the changes this 700-page law will create. By passing this bill, the Federal Government has saved the two largest investors in home loans in our country. The Federal National Mortgage Association (aka FANNIE MAE) and the Federal Home Loan Mortgage Corporation (aka FREDDIE MAC) are what's known as "GSE's" or Government Sponsored Enterprises. … (0 comments)
Earlier this week, the National Association of Realtors reported that in December, existing home sales rose unexpectedly while inventory declined. Over the past few months we have started to see a gradual turnaround in home sales in Northern Colorado.;)
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