What do you think will kick start the Real Estate Market??

Real Estate Agent with Keller Williams Team Realty

I was glad to see FHA raise the loan limits but I feel they need to go a step futher and reduce the down payment from 3% to 1.5%.  This will enable first time home buyers in our area to afford the down payment and thus  create more home ownership.   These loans however, must be based on the purchaser's ablity to repay them, based on good credit scores and be a fixed rate loan.  This will reduced the desire of many to purchase more house than they can afford and thus reduce the amount of future foreclosures.

What do you think????

Comments (3)

Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.

I hope you will look into the many groups as there are some great group both local and broad based,....


Mar 18, 2008 09:56 AM
Tim Marose
Primary Residential Mortgage Inc. - Gaithersburg, MD
Maryland Buyer & Refinance Specialist

Francie,  you didn't go away did you?    Your comments were right on and things have picked up.   Are you still kicking butt and taking names?

Aug 27, 2008 02:50 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hi, Francie.

  We invite you back to ActiveRain in 2017. 

  We would welcome your return!

Sep 17, 2017 07:25 PM