Monthly Archives: December 2013

FHA To Reduce Upper Mortgage Limits

Mortgage Limits Reduced By FHA FHA To Reduce Upper Mortgage Limits starting in the new year. Beginning on Jan. 1, all FHA loans will have mortgage limits in high-cost areas at $625,500, reduced from the current cap of $729,750. FHA … Continue reading

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Sellers Want “Perfect For Entertaining” In Their Listings

Perfect For Entertaining is new selling point Nearly 2 percent of homes up for sale on the U.S. housing market are described as “perfect for entertaining,” marking a 15 percent increase over the past year, according to property brokerage ZipRealty. … Continue reading

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New Homes Built to Rent

Single family homes built to rent Thousands of single-family homes are being built to rent rather than sell, The New York Times reports. Built to rent – more home builders and investors see it as an income-generating investment at a … Continue reading

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Professional Photos Sell Homes Faster

Selling homes for more money and faster Professional photos sell homes faster and for more money than homes listed with point-and-shoot cameras, according to a new study by the real estate brokerage Redfin.  The study found that homes priced between … Continue reading

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Consumer Confidence Equals Housing Hurdle

Lack of Consumer Confidence The economic recovery is facing a big hurdle: a lack of consumer confidence. “As long as consumer spending is lagging on the personal shopping front, home buying is going to remain out of the question for … Continue reading

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Foreclosed Owners Get Second Chance With FHA

FHA back to work program Foreclosed owners who lost their home due to financial hardships may get another shot at being home owners again soon. The Federal Housing Administration recently announced that they would shorten the waiting period for qualified … Continue reading

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Go Green And Save On Your Next Mortgage

The Senate is considering, go green, bipartisan legislation that would require Fannie Mae, Freddie Mac, the FHA, and other federal mortgage entities to revamp their rules to reward energy savings. Supporters of energy efficiency want lenders to take the net … Continue reading

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