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 the foreclosure process and they are looking to move them. You can see a list of what’s there at www.homepath.com (there are 19 Fannie Mae Foreclosuresin Lancaster County Pa as of today).
That’s not the announcement though, the announcement is that Fannie Mae is now offering 3.5 % of the home’s purchase price as an incentive to buyers! Read on after the jump to find out more!
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, andthere 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 solution to their problem.
Call me if you want to find out how low money downprograms can still benefit you, in the meantime please be aware of the following info.
FHA has announced policy changes today that will potentially have a negative impact on the housing market. Read on after the jump to seeexcerpts from areleaseby NAR:
Welcome Back Readers! It’s Friday again, not just any Friday but Christmas Day! Don’t worry, I’m not actually writing this today, through the magic of technology I wrote your Lancaster Inspector’s Corner tip on Monday and set it to post today, so even though we are celebrating Christmas you still have a chance for Matt Steger with WIN Home Inspection toteach yousomething that will help you keep your home warm and safe through the holiday season! Keep reading after the jump to find out more and have a Merry Christmas!
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 beforeI 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 a few months, you need to hop off the fence and start now. Waiting is a mistake. Here’s why:
… 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?
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!
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 foranother 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 to expire this month. Unless you were hiding under a rock, by now you’ve no doubt heard countless talking heads telling you that this bill will either (A) Save the US Economy or (B) Leadthe US Economyinto a head on Collision with the ever growing Mountain of National Debt.
Well, if you were looking for someone to supportChoice (B), you should probably look elsewhere. But if you were looking for someone to explain just why this bill is critical to the recovery of the nation’s housing market and just may save our entire economy, then keep on reading!
With aquickand resounding “Yes” vote, the House today passed HR3548, extending and expanding the Home Buyer Tax Credit! All we need now is forPresidentObama to sign the bill into law!
The Senate voted today 98-0 to pass the HR 3548. HR 3548 is a bill that extendsunemploymentbenefits for an additional 20 weeks and contains an amendment that extends the existing $8,000 First Time Buyer Tax Credit and adding a tax credit for Move Up buyers!
