Changes this month by the California Housing Finance Authority will help more K-12 public school employees land their first home. The Extra Credit Teacher Home Purchase Program -- once restricted to teachers -- is now available to all administrators and support staff...
Dropping the required owner-occupied ratio from 50% to 35% should open up more opportunities for condo buyers and sellers, but yes, the mortgage guidelines are getting easier and easier. Owner occupied units are defined as principal residences, secondary residences,...
Home sellers - if you aren't getting offers this week, you are missing out on what will be the closest thing we will see to frenzy conditions the rest of the year! Lower your price a little to get in the game! California 30-year fixed mortgage rates go down to 3.22%...
Hat tip to eddieironmaiden89 for sending this in: http://www.ocregister.com/articles/percent-714878-credit-mortgage.html There was no such animal as a credit score for mortgages backed by Fannie Mae or Freddie Mac until about 1995. Well, it’s back to the future. Good...
Do you buy anything that's cheap(er), figuring that the demand will become unglued and prices continue racing towards the sky - or sit this one out? P.S. Three offers are in on Cherokee, and more expected....
Our cruise around the world looking for similar real estate markets has to include a stop Down Under, where the auction format to sell homes and the lack of capital-gains tax on seller proceeds from the sale of their primary residence has to add extra juice. Add in...
We saw how crowdfunding could be a new (and bubblicious) way to finance home purchases. Here's one of the old ways - non-profits getting involved that are well-funded today, but.....Hat tip to Susie for sending in this story:...
With home prices still going up, people wonder how the real estate market can continue to grow. From John Burns Real Estate Consulting: Housing affordability has become a big problem in many major metros in the country. In fact, many middle-class buyers can no longer...
The old First-Franklin way of qualifying - and a better gauge of actual income and expenses. From HW: http://www.housingwire.com/articles/36188-is-subprime-lending-ready-for-a-comeback? An excerpt: In fact, CSC does not use the term subprime. According to Will Fisher,...
