FHA to bring back a guideline banned in 2010 FHA condo mortgage financing has long been complex and hard to get. The current rules are so restrictive that more than 90% of the nation’s 150,000 condo projects do not qualify for FHA-backed mortgages. But now HUD is simplifying FHA condo mortgage rules. In October 2019, […]
Shifting demographics and the unique housing preferences of Millennials and aging Baby Boomers have driven the condo market to new heights in recent years. With Millennials and aging Baby Boomers preferring a more compact, walkable, town center-oriented lifestyle that is generally found in more densely populated urban centers — where condos are traditionally the primary […]
The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most of the U.S., the 2020 maximum conforming loan limit will be raised to $510,400, up from 2019’s level to $484,350. This marks the fourth straight year that the […]
Before you put in an offer on a condo in a building that’s still under development or otherwise non-warrantable, be aware of the financing obstacles you can run into. A condominium is deemed non-warrantable when it doesn’t meet Fannie Mae and Freddie Mac’s mortgage finance criteria. Beyond the homebuyer’s qualifications for financing the purchase loan, […]
We want to make buying a new home and selling an existing one as easy as trading in an old car. Concerned about timing the sale of your current home, and the purchase of your new home and the potential risk of being forced to carry to properties, a double move, or being forced to […]
Homes Available For Sale In Central Ohio Are Decreasing Again There were 3,230 central Ohio homes and condos sold during the month of August which was down 0.6% compared to the same month last year, and 3.1% lower than the month prior. The average price of a home sold in central Ohio year to date […]
Two of the most difficult decisions a homeowner needs to make after deciding to sell their home, and selecting a real estate agent is when to put their home on the market and at what price. Putting too much emphasis on timing as opposed to focusing on determining the appropriate list price for your home […]
Wondering where home prices will head throughout the rest of this year, and in the years ahead? We’ve gathered current data from the industry’s most reliable sources to help answer these important questions and to help you make more informed decisions as it relates to buying and selling in 2019 and beyond. The Home Price […]
As homes become smarter, home buyers are increasingly finding there’s an extra set of eyes and ears on them as they tour properties for sale. In a 21st-century version of the “nanny cam,” home shoppers face everything from old-fashioned security cameras to newer devices tracking their conversations and actions. The rise of these wired home […]
Builders and remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn’t much rosier. The percentage of return on investment (ROI) is projected to trend downward for all the replacement projects listed in Remodeling magazine’s newly-released Cost vs. Value Report. Larger indoor remodel projects took a hit […]
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