Each month, the National Association of REALTORS® releases a study called the Existing Home Sales report. It’s a detailed look at “used” home sale data from all four regions of the country. Among the key findings of each Existing Home Sales report is something called the “median sales price”, the statistical price point at which half of [...]
Read MoreThere’s a mixed message in February’s Housing Starts data and it may be a good sign for home sellers in the near-term. As reported by the government, new home construction rose by 22 percent last month. The press is running with the headline number, calling it evidence of a market bottom. A more thorough inspection, however, [...]
Read More housing dataFriday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however. Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home [...]
Read More 4-Plex, fannie mae, investor loans, mortgage guidelinesThe reverb from the so-called “Subprime Meltdown” continues today. I received this email about an hour ago. Today, Indymac Bank is announcing the suspension of residential Construction- to-Permanent (CTP) loan production effective February 1, 2008. As you may know, Indymac has been committed to the CTP product for 13 years, and it has been and [...]
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