real estate news: Housing Expected to Add to GDP for First Time in 7 Years - Seema Sinha, Realtor, Vienna, VA - 02/23/12 10:40 AM
Housing Expected to Add to GDP for First Time in 7 YearsCourtesy Susanne - RIS Media
The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. However, the year-end growth rate was due largely to a positive swing in business inventory growth, which is not indicative of underlying consumer demand or the overall health of the economy. … (0 comments)

real estate news: Obama Moves Forward with Foreclosure Prevention - Seema Sinha, Realtor, Vienna, VA - 02/07/12 01:57 AM
Obama Moves Forward with Foreclosure PreventionCourtesy Susanne, RIS Media
Last Wednesday, February 1, President Obama announced the details of a plan to help homeowners refinance their mortgages in hopes of bolstering the housing market.
According to the U.S. Department of Housing and Urban Development, this proposal will allow buyers to save an average of $3,000 a year by refinancing into loans backed by the FDA, if they are current on their mortgage.
The plan is estimated to cost between $5 billion and $10 billion, which Obama plans to cover by pressing a fee on large banks.<!--more-->
“I want to commend the administration … (0 comments)

real estate news: Treasury Investigates a Bet Against Home Owners - Seema Sinha, Realtor, Vienna, VA - 02/02/12 09:34 AM
Treasury Investigates a Bet Against Home OwnersSource: “Treasury Investigates Freddie Mac Investment,” The New York Times (Jan. 31, 2012)
The Treasury Department is investigating allegations against Freddie Mac that accuse the government-sponsored enterprise of “betting against home owners’ ability to refinance their loans” while also putting in roadblocks to make it more difficult refinance at today’s lower rates, White House spokesman Jay Carney said Monday.
Some argue the GSE imposed several barriers to home owners who wanted to refinance their mortgages, like adding risk-based fees. 
The White House says it has tried to get the GSEs to ease such refinancing restrictions, … (1 comments)

real estate news: March 2011 Market Update - Seema Sinha, Realtor, Vienna, VA - 03/16/11 06:48 AM
March 2011 Market Update
Gradual progress in the housing market continues at a steady pace without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory continues to shrink and sales continue to rise. The rock-bottom interest rates of 2010 are likely to trend upward. As economists anticipate rates at or above 6% by the end of 2012, buyers are moving off the sidelines and into the market. 
As the economy improves, stimulus efforts … (0 comments)

 
Seema Sinha (Keller Williams Realty)

Seema Sinha

Vienna, VA

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Keller Williams Realty

Address: 8521 Leesburg Pike, Suite - 100, Vienna, VA, 22182

Office: (703) 343-5726

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