home buyers: Horizons on Logan Martin Lake New Home Sale
- 08/09/10 10:05 AM
Horizons On Logan Martin Lake New Home Construction Home Start at Horizons on Logan Martin Lake. 3 more in the pipeline will start within the next 4 to 6 weeks Lake Lots #14-97-93 Walls are going up on a new Lake home at Horizons On Logan Martin Lake.The floor plan is a spin off of THE CAMDEN floor plan that was created by Haven Homes. This new Lake home will include such items as a wine cellar , 3 bedrooms with all the upgrades like Crown Molding and Trim work through out this home will also include a customized out … (1 comments)
In its official announcement, Fannie Mae says the updates will minimize long-term lending concerns. If that's the case, this won't be the last guideline change Fannie Mae makes -- especially with loans defaulting at an above-normal clip.
The Initial changes are major. The first pertains to credit ratings.
Effective December 13, 2009, the mass of Fannie Mae's loans require a 620 credit score minimum. There are some exceptions.
A second relates to loans with private mortgage insurance. … (3 comments)
home buyers: Benefits of Owning Your Own Home
- 12/08/09 06:40 AM
The Best Investment As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region.
Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could earn over six percent with the safest investment of all, treasury bonds. But take a second look… Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – … (1 comments)
home buyers: Falling Unemployment Rate Leads To Higher Mortgage Rates Today
- 12/04/09 02:05 AM
This morning's jobs report is causing mortgage rates to rise, cappinga week during which rates have already jumped 3/8 percent off all-time lows. The government's November Non-Farm Payrolls report reinforced the notion that the recession is nearly over, if not over already. Just 11,000 jobs were lost last month -- much fewer than analysts had expected -- as the Unemployment Rate fell to 10.0%. If it seems strange to be talking economic recovery while Americans are still losing jobs -- 7.2 million since 2008 -- remember that data always needs context. See, analysts view employment figures as a lagging indicator for the economy. This is because business owners tend … (2 comments)
October sales represent the first positive year-over-year (Oct 09 vs Oct 08) % change at 13.4% since July 2007 (37 months) which was 4.5%.
The last time the month of October saw a positive % in sales versus a prior (Oct) was in Oct. 2005 when it was 14.8%.
Click the link below to see the stats!
Alabama Housing Stats - October 2009
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home buyers: Housing Starts Are Down And Why It's Terrific News For Sellers
- 11/19/09 01:33 AM
A "Housing Start" is a home on which construction has started and, for the 4th straight month, national single-family housing starts held steady last month. When the demand for homes grows faster than the number of homes for sale, prices increase. As recent home sales data confirms, buyers currently outpace sellers and one consequence of this is an increase in multiple-offer situations this year. It's no wonder home prices are up across so many neighborhoods. October's Housing Starts report is yet another piece of housing data foreshadowing rising home prices into 2010. Building Permits were also down in October, a potential demand-to-supply imbalance … (1 comments)
home buyers: Buying a Diamond in the Rough
- 11/26/08 10:17 AM
It may be your budget, or the thrill of doing it all yourself, but you are in the market for a diamond in the rough. But just how rough can a house be before a lender decides not to take the risk on a mortgage?
When you negotiate the contract, make sure that you include a provision for a home inspection for structural integrity, defects and potential problems. This isn't part of the appraisal, it is a separate detail. A home inspection ascertains the health of the house you are buying. Whether it is a bad roof, leaky plumbing … (0 comments)
I am “Complete Real Estate Professional” conducting my Real Estate Business Primary in Central ALABAMA. My business partner and I are the top listing agents in St. Clair and Talladega Counties.
You can expect the same outstanding service from me weather you’re buying or selling on LOGAN MARTIN LAKE or if you are a FIRST TIME HOME BUYER.
My goal is to give solid advice on Real Estate based on my experience.
Horizons On Logan Martin Lake New Home Construction Home Start at Horizons on Logan Martin Lake. 3 more in the pipeline will start within the next 4 to 6 weeks Lake Lots #14-97-93 
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