Tag Archives: first time buyers

Home Sales Up 7.7% In August

But why were they up? Because of an increase in foreclosures, which will put downward pressure on home prices, leading more homeowners underwater and more foreclosures and the vicious cycle deepens. Lower home prices and lower mortgage interest rates also … Continue reading

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Low Interest Rates Bring Out More People Looking For Mortgages

Lending standards have become much tighter over the past four years. Lower interest rates usually lead to more people applying for refinancing and other mortgages. Report: In April 2008, the federal government started handing out tax credits to first-time home … Continue reading

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Mortgage Rates And Home Sales

Analysts believe that the continuing US credit crisis is linked largely to failures on the part of both banks and the sub-prime mortgage industry. After the last recession in the 1990s, US banks and mortgage brokers were allowing high risk … Continue reading

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The Return Of The Two Bedroom Apartment

People in New York are buying two-bedroom apartments again. After the housing crash of 2008, sales of one-bedroom apartments were the only things moving. Then three-bedroom apartments started moving. Now we’re seeing two-bedrooms selling for about a million dollars each. … Continue reading

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Time To Raise FHA Downpayments?

That seems like common sense to me. Why did we get into this housing disaster? Because the government stopped lenders from lending as they wished. Instead, it forced them to lend people with comparatively lousy credit. As a result, Wall … Continue reading

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More First-Time Home Buyers

With interest rates near record lows and home prices steadily declining, people who’ve never bought a home are now in the market. What’s keeping more of them from buying is the widespread belief that home prices will fall another 5% … Continue reading

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A Good Time To Buy A Home?

Brooke writes: House prices continue to fall in America as the fall-out from the subprime mortgage borrowing problems remain unresolved and are combined with ongoing global uncertainty. This potent mix means that the largest banks in the United States are … Continue reading

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More Homeowners Sink Underwater

As home property values fall around the nation, more homeowners than ever owe more on their mortgages than their homes are worth. With real estate experts predicting a 10-15% decline in home values in 2011, percentage of homeowners who owe … Continue reading

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Home Prices Fall

I don’t know why the government has spent so much money trying to prop up home prices. Why not let the market adjust? I don’t see why this country is better off with unaffordable housing? Remember all those “affordable housing” … Continue reading

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FHA Chief Warns Against Increasing Downpayments

Low downpayments make it easier for people to walk away from loans. Low downpayments were a key ingredient in all the fancy new mortgages that fueled the housing boom and then bust over the past eight years. The government keeps … Continue reading

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