Fannie Mae Offers Closing Cost Assistance and Appliance Incentive
Welcome Back Readers! It’s been a busy month in real estate, so many things happening both locally and nationally it seems everyday there is something new! That’s actually the becoming the normal state of affairs nowadays and I don’t mind as it gives me lots of things to write about! I wanted to let you know about a program announced today by Fannie Mae. Fannie Mae has a little problem, namely 50,000 homes they now own through... Read More
Did FHA Just Throw First Time Buyers in Front of the Bus for a PR Gain?
Welcome Back Readers! I apologize in advance for the negative tone of this post, but it is information that people who plan on buying this year need to have. Let me start with this: There are many solutions available to FHA’s problems, and there are other programs that allow cash poor buyers to still purchase homes. It is not the end of the world, FHA is still a fine program, but I have an issue with their changes not offering a... Read More
It Isn’t a Question of “If” Waiting Will Cost You, but Rather “How Much?”
Waiting. Sometimes a wise strategy, sometimes a foolish one. When it comes to home buying, waiting will surely cost you. There are a number of reasons why, but before I go into that, let’s get one thing clear…. if you aren’t in a positions to buy, if you truly can’t afford it, don’t do it. But if you are unsure, if you are “thinking about it”, if you are planning to “start looking” in... Read More
HUD Secretary Donovan woke up this morning and got himself a gun……
… and he plans to use it to take out the US Housing Market! I know, very dramatic. Maybe even a little uncalled for. On the other hand, there is really no other way to describe how potentially dangerous the policy changes that HUD Secretary Donovan is proposing this week. What are those changes? Read More Read More
The numbers are in and they’re…… not that bad!
I know, I know, not the most inspiring title but seriously, when we look at market statistics in today’s ecnomy not that bad is pretty darn good! Read on to find out more! Read More Read More
It’s Back! PHFA Allows Buyers to use the First Time/Repeat Buyer Tax Credit to Close!
It’s official! Today, Pennsylvania Housing Finance Agency (PHFA) announced that it has allocated funding in the amount of $5,000,000 for the continuation of their Tax Credit Advance (TCA) program! This is a limited time offer, so take note, once they run out of money it will be too late, so you need to move now if you want to take advantage of it! Read further for details! Read More Read More
A Whole New World – Why the New and Expanded Tax Credit May Save the US Economy!
This past Friday, President Obama signed into law H.R. 3548. This bill, at it’s heart a bill to extend unemployment benefits {which, by the way, is being completely overlooked as the critical step it was to help the unemployed workers in this country, but that’s a topic for another day (see, I’m overlooking it too!)} contained a roundly supported amendment to Extend and Expand the First Time Home Buyer Tax Credit that was set... Read More
Home Buyer Tax Credit Passes House 403-12!
With a quick and resounding “Yes” vote, the House today passed HR3548, extending and expanding the Home Buyer Tax Credit! All we need now is for President Obama to sign the bill into law! Read More Read More
