county: Big Changes For USDA Loans Are On The Horizon - 03/03/11 04:32 AM

Well USDA Guaranteed Rural Housing just got a whamy... all in the same day!Purchasing Power is changing....
Please find attached a notice outlining two very important changes that are scheduled to take effect with loans obligated on or after October 1, 2011. The changes are as follows: (1) An annual fee of 0.3 percent will be charged on all loans obligated on or after this date (this means that USDA will now essentially be charging mortgage insurance and calling it something else); and (2) The up-front guarantee fee for purchase loans transaction will decrease from 3.5 percent to 2 percent … (0 comments)

county: Pending Home Sales Statistics - 03/01/11 05:06 AM
After a strong run to close out 2010, the market for home resales softened a bit in January. That is, IF you're only looking at home sales from a national perspective.  Here in the Nashville market, we are experience an INCREASE in home sales this year compared with where we were last year.  It's important that you ask your local realtor how our local market figures match up with the national figures.  Your LOCAL REALTOR is your local market EXPERT.
However, you can read more about national home sales below.  It's important to ALSO remember that all different types of reports … (1 comments)

county: Existing Home Supply Down 40% In Last 6 Months - 02/24/11 03:17 AM
 
Home resales rose another 2.7 percent last month, according to the National Association of REALTORS® monthly Existing Home Sales report.
An "existing home" is a home that's been previously occupied and is not considered new construction.
The number of existing homes sold on a rolling 12-month basis is now at its highest point since May 2010, the month before the federal homebuyer tax credit ended. It's also up some 40% since July 2010, the month after the tax credit ended.
But that's not the biggest story in the Existing Home Sales report. The precipitous decline in home inventory deserves more … (0 comments)

 
Christina Livingston

Christina Livingston

Franklin, TN

More about me…

Address: 600 Frazier Dr., Ste 130, Franklin, TN, 37067

Office: (615) 656-2821

Mobile: (615) 586-3178

Email Me



Links

Archives

RSS 2.0 Feed for this blog