"Happy Valentine’s Day!" Clients are asking, “Should I put my house on the market now, or should I wait?” and “Should I buy now, or should I wait?” What about Thanksgiving, the Holiday season, or New Year’s? What about buyer interest and showings and open houses? Why not wait? It’s November. Prices have stabilized. Inventories … Continue reading Whether To Buy or To Sell During the Holidays – Yes!
Mortgage Insurance Premium, Credit Scores, and Seller Contribution Affected On January 20, 2010, FHA announced major changes to ensure its long-term financial soundness. FHA is trying to balance three fundamental objectives: Financial soundness of the FHA insurance fund – ensuring that its capital ratio returns above 2 percent, Fulfilling its mission of serving borrowers not … Continue reading Major FHA Changes Expected to Take Place in Early 2010
Uptrend Continues in Pending Home Sales: Source: http://www.realtor.com For the first time in six years, pending home sales are up for the fifth consecutive month, according to the National Association of Realtors®. The last time there were five consecutive monthly gains was in July 2003. “Historically low mortgage interest rates, affordable home prices and large selection … Continue reading August 2009 Real Estate Update
To Discourage Rush Closings, Reduce Last Minute Rescues, and Cut Down Closing Table Changes Both buyers and sellers need to be aware of the changes brought about by the HVCC (see article below) and the Housing and Economic Recovery Act (HERA), which goes into effect July 30, 2009. HERA is intended to better inform the consumer, … Continue reading HVCC, HERA Disclosure Timeframes Slow Closing Process, Ensure Accuracy