Obviously, First Time Home Buyer Tax Credits and Move-Up Buyer Tax Credits have played a part in this activity. Other contributing factors are also the low interest rates, affordability of homes in our market and of course, for those willing and able to fix up a house or a complete re-hab, there are awesome deals on distressed properties in our market.
Also worth noting is that the U.S. Department of Housing and Urban Development, HUD has recently announced changes to the FHA guidelines which will affect most anyone in the real estate market planning to finance their purchase through FHA.
There are three major changes
Comments(0)