When H.R. 3700, the "Housing Opportunity Through Modernization Act," was signed into law earlier this year, the Department of Housing and Urban Development (HUD) had 90 days to weigh in on regulations related to Federal Housing Administration (FHA) financing for condominiums before changes ... » Learn More about Challenge remains regarding FHA condo financing
First Time Home Buyers
White House Urges More cost-effective Housing
The White House made a push to states and municipalities to relieve the red tape in order to pave the way for the growth of more affordable housing. White House Urges More cost-effective Housing "The accumulation of state and local barriers to housing development - including zoning, other ... » Learn More about White House Urges More cost-effective Housing
Mortgage fraud rate rising annually, report indicates
Property analytics provider CoreLogic released its annual mortgage fraud trend report this month, showing fraudulent activity was up marginally in the second quarter of this year compared to the same period last year. The report reveals that 12,718 applications (0.7 %) of U.S. mortgage applications ... » Learn More about Mortgage fraud rate rising annually, report indicates
Things buyers should never say during a home tour
While it may be tempting for buyers to say what’s on their mind throughout the house hunt, we encourage ours to pause for a second. There are certain things home-buyers shouldn't say on the fly. Others could possibly be listening. Listing agents, sellers, neighbors all have motives to keep tabs ... » Learn More about Things buyers should never say during a home tour
Household incomes see the first big increase since 2007
After eight lean years, Americans got fatter paychecks in 2015 - their first significant hike since 2007 as well as the biggest since documentation began in 1968. The U.S. median household income rose 5.2% to $56,516, the U.S. Census Bureau reported last Tuesday. Household incomes see the first ... » Learn More about Household incomes see the first big increase since 2007
