Wells Fargo to Accept FHA Mortgages with Credit Scores Under 600
http://www.realtor.org/fedistrk.nsf/pages/wk01242011?OpenDocument#report_3_01_24_2011
Saturday, January 29, 2011
Thursday, January 6, 2011
HOME PRICES ARE TRENDING BACK UP?
Don't you see that every major price index points to a housing market that has most likely hit bottom and is probably moving in a positive direction. After 30 months of values declining, the homes prices appear to be somewhat stable or at least appreciating in nearly every U.S. Market. In August of 2010, the median home price was about $182,600., amounting to an 11 percent increase over the low that was reached in February 2010 at about $164,000. If you are still on the fence and waiting for prices to drop further, it is almost OVER. For more reasons why now is a prime time to buy a home, contact me and I'll send you a free e-book.
Wednesday, January 5, 2011
Tuesday, December 28, 2010
SELLERS ARE MOTIVATED
When supply exceeds demand, buyers as we know, have the upper hand, and that is where we are in todays market. For the buyer, this means they have a lot of choices, lots of negotiating power and that the smart sellers are fiercely competing for the buyers business, both in terms of price and condition of their home. What can this mean for you as a prospective buyer? For more reasons why now is a prime time to buy a home, contact me and I will send you a free e-book.
5 Reasons to Buy a Home in 2011
Reasons why real estate may likely improve in 2011
Here are five reasons why consumers should consider a home purchase next year:
▪ Mortgage rates will probably stay low: Even with rates climbing — possibly as high as 6% by 2012 — they are still well below where they have been historically.
▪ Tax cuts: Extending the tax cuts could possibly encourage a more rapid recovery for our economy.
▪ Every American wants to be a home owner: A recent Fannie Mae survey showed that Americans still believe a home is a safe and desirable investment.
▪ Builders will probably start building again: Builders have been sitting on the sidelines. This year, the builders think pent-up demand may create an appetite for new homes.
▪ Homes are shrinking: Homes are getting smaller, which can make them more affordable.
Sunday, December 19, 2010
OWNERSHIP COSTS ARE DROPPING BELOW RENTAL COSTS!
The recent downturn in the housing market resulted in a drop in rental rates, BUT, rents are back on the rise while the cost of the home ownership has dropped. As apartment rentals have slightly decreased, the decline has been very moderate in comparison to the home values, which have declined nationwide, by 30 to 40 percent since the peak of the housing boom. There are many more reasons why NOW is the prime time to buy a home. Contact me and I'll send you a free book.www.maryanndempsey.net
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