Realty Times: Carla Hill - FULL ARTICLE Jobs are more than a pressing concern in today's economy. Their rebound is inextricably linked to a housing recovery. Even President Obama's proposed jobs legislation includes $15 billions dollars allotted towards the purchase and refurbishment of vacant and foreclosed homes. These homes will then be sold at no... Continue Reading →
NPR: Chris Arnold - FULL ARTICLE In his jobs speech last week, President Obama also took time to say he wants to help more Americans save money on their mortgages.
AOL: Stefanos Chen - FULL ARTICLE As first-time buyers struggle with higher hurdles at the bank, some experts are pinning their hopes on baby boomers to boost the flagging housing market.
Boston Herald: Jerry Kronenberg - FULL ARTICLE Home buyers and sellers fear new rules that cut the size of the cheapest mortgages available will make the already chilly housing market even colder. “It’s concerning to me beyond just the fact that I’ve got a house on the market,” would-be seller Carroll Ann Bottino said of... Continue Reading →
Realty Times: Carla Hill - FULL ARTICLE Has renewed concerns over the job market affected the way agents and homeowners feel about the market? HomeGain's nationwide third quarter 2011 home values survey found that forty-seven percent of surveyed real estate professionals nationwide expect home values to decrease over the next six months.
"Multifamily rental construction is trending upward, and it is definitely the brightest sector in the broader housing market," said NAHB Chief Economist David Crowe. "However, the entire housing market continues to be very fragile and subject to many external pressures, including an ongoing shortage of financing for new projects." FULL ARTICLE
By Julie Schmit, USA TODAY - FULL ARTICLE Time is short for some buyers and owners of more expensive homes to get the best terms on mortgage loans. Starting Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. That will force many future borrowers into more expensive and harder-to-get jumbo loans.
Chad Focht has been a Mortgage Advisor here at Mason McDuffie since April of 2010. He is very involved in our Social Media Strategy and has a wonderful Facebook Page. In addition to our corporate website you can also visit him on Facebook.
LA Times: Kenneth R. Harney - FULL ARTICLE Most borrowers make zero down payments even on jumbo loans and the VA imposes no minimum credit score, yet originations are up and the delinquency and foreclosure rates are low.