REALTORS SEE BUYERS RETURNING TO THE MARKET;
"There has never been a better time to buy," says NAR, thanks to low mortgage rates and increased affordability.
|
NEW $8,000 FIRST TIME HOME BUYER TAX CREDIT:
The federal government has approved a new first time home buyer tax credit up to $8,000, but you must hurry!
Read the full story: |
CONDOMINIUM LOANS:
It just became more difficult to get a mortgage on a condo - not that it was easy before. Fannie Mae, which buys the majority of home loans from lenders, announced tough new requirements that apply only to Florida sales. If more than 15 percent of a condo's units are delinquent on association fees, for example, Fannie Mae won't back a new mortgage.
Read the full story: |
IS NOW THE TIME TO BUY?:
Is now the time to buy a house? The answer depends on many factors, but it's generally a resounding "yes" for first-time buyers. "I think that, if someone buys a home today and locks in a low-rate, long-term mortgage, they will be glad they did 10 years from now," says Chris Toadvine, a certified financial planner and president of the Financial Planning Association of Central Florida.
Read the full story: |