by Jim Crowder | Oct 15, 2013 | HOUSING MARKET
The housing market has made significant strides over the last year as lower interest rates, and stabilizing economy helped to make home buyers feel more optimistic about making the decision to buy. Rising prices and low inventory rates have also helped increase the...
by Jim Crowder | Oct 14, 2013 | HOUSING MARKET
According to recent data, the government shutdown is effecting the housing market negatively. New homebuyers seeking to borrow may be slowed by missing or unattainable information. The president of the MBA, David Stevens said, “the longer it goes, the greater...
by Jim Crowder | Oct 11, 2013 | HOUSING MARKET
According to a recent study, mortgage rates have increased very slightly for the first time in a month. The small increase is attributed mainly to the government shutdown, and the resulting inability of various economic reports to be released. Unfortunately, most...
by Jim Crowder | Oct 10, 2013 | HOUSING MARKET
Government-backed mortgage companies Fannie Mae and Freddie Mac have relaxed certain requirements that would normally restrict the approval of mortgages during a government shutdown. While they would normally require the IRS’s confirmation before allowing...
by Jim Crowder | Oct 9, 2013 | HOUSING MARKET
The National Association of Home Builders (NAHB) is reporting that housing activity levels in 52 of the housing markets are back up to 85% of their normal, pre-recession activity. The numbers factor in information from the Bureau of Labor Statistics, Freddie Mac, and...
by Jim Crowder | Oct 8, 2013 | HOUSING MARKET
According to economists, an extended government shutdown is likely to have significant negative effects on the FHA (Federal Housing Administration), which, along with other various government agencies, backs around 90% of mortgages in the U.S. With only 67 of the...
