Best Practices for Home Buyers
Now that the country seems to be slowly coming out of the recent economic turmoil, many people are thinking about buying a home. For people getting into the housing market for the first time or returning to the market after past economic upheavals, figuring everything out can seem daunting. To that end, we've gathered up some of the most important things to consider before you buy a home, during the buying process, and to keep in mind once you’ve become a homeowner.
Despite Deep Losses, FHA´s Condition Improves
The sustainability and financial condition of the Federal Housing Administration (FHA) is not as bad as initially thought. Days before President Barack Obama issued a spending proposal to keep the FHA alive, analysts at Bloomberg and the Wall Street Journal speculated that the improving median home prices in the United States are helping to reduce the troubled agency’s mortgage investment portfolio. The analysts were right in this regard, but the White House’s assessment of the FHA also revealed plenty to be concerned about.
Against All Odds: Multiple Bids Return
As eager real estate buyers and investors rush to take advantage of what may be their last shot at dirt-cheap prices, regional housing bubbles seem to be emerging in various markets across the United States. According to CNN Money and online real estate broker Redfin, housing markets in New England, California and South Florida are turning to seller’s markets with multiple bids on single properties.