Investors Are Back! Why Is That A Good Thing?
If you ask most people, they’ll tell you that investors drove prices up and caused the housing boom. Well, that’s sort of correct. At the beginning of the housing boom investors were purchasing properties and making wise business decisions, and then the “get rich quick” amateurs came in. These are the people who saw the [...]
Five Reasons to Buy a Home Now… Plus a Couple More!
Recently, ForSaleByOwner.com wrote an article, Five Surprising Reasons to Buy a Home Now. It’s a great list but not all that “surprising”. Don’t get me wrong, it’s definitely worth reading but I would like to point out some additional reasons which are a little more locally driven. The inventory of homes on the market has [...]
Strategic Default will get you "locked out" by Fannie Mae
In a strategic move, some homeowners have decided to walk away from their homes even though they could still afford the payments. They simply decide that their value is too low and they either short sale or allow the bank to foreclose. Fannie Mae, making a clear statement, announced Wednesday that they will “lock out” [...]
Which Loan Is Right For You? Part One… USDA – Rural Housing
This is the first of a three part post on different loan options that are available. The first loan is one that very few real estate agents even know about but that is becoming increasingly more popular. Through the USDA (yeah, that’s right the guys that put the stamp on meats) there is a program [...]