Fort Worth-Arlington TX Market Named in TOP 10 Markets in the Nation
Local Market Monitor, a real estate forecasting service who puts together nationwide market trends for banks and investors has named the Fort Worth and Arlington real estate market as one of the top 10 markets likely to rebound soon. They expect home values in this market to remain level throughout the year end AND to increase in 2010. Of [...]
TDHCA Bond74 Mortgage Revenue Bond and First Time Home Buyer Program Down Payment & Closing Costs Assistance
Overview of Tax Exempt Mortgage Revenue Bonds and advantages to borrowers include: Below market interest rates Down payment assistance grants Second mortgages A 4% Second Lien Deferred Forgivable Loan May Be Used For Down Payment and Normal and Customary Closing Costs: Based on principle amount of the 1st mortgage note No Interest Deferred 10 years and [...]
REO Investment Buying Tips
A new wave of novice investors has emerged with the increase in foreclosures and bank REOs and they must keep these three tips in mind before diving head first into the business. Just because the property seems like it is a steal of a deal, they think hurry up and buy it but when in [...]
Top 5 Economies in the Nation – Dallas-Fort Worth
With high energy cost contributing to oil and gas activity, Texas’ primary state export, our metropolitan areas have grabbed three of the top 5 spots according to businessweek.com and Brookings Institution ratings for top economies in the Nation. Here are the top 5 rankings: San Antonio Austin Oklahoma City Little Rock Dallas-Fort Worth The factors [...]
Home Remodeling Costs Decrease
The average home remodeling costs are down five to ten percent across the nation with some areas averaging a twenty percent decrease. This is good news for all you investors out there and anyone looking to do a remodel. Stats come from the most recent data available; a 12 month span from March 2008 to March 2009 [...]
FHA Anit-Flipping Rule Opposition
The directors of the California Association of Realtors® (CAR) have recently adopted the following motion at their fall meetings: “That C.A.R. in conjunction with NAR, “SUPPORT” the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in opposition to the FHA 90-day anti-flipping rule.” While [...]
Government Incentives May Cause Short Sales To Rise
A new program that acknowledges that homeowners are unable to afford their homes is intended to speed up the short sale process. “The push right now is for servicers to avoid foreclosure and the push is coming not only from The Obama administration and the Treasury but also from the owners of the loans such as Fannie Mae [...]
Get A Fast Lender Before The Tax Credit Expires
Home buyers who are eager to close the deal before the tax credit expires should be prepared to deal only with lenders who will respond quickly. Even buyers without A-plus credit should be able to get a loan. “If you go to enough lenders, you can typically get a loan even with a low credit [...]
Texas New Home Construction To Increase For 2010
Texas construction volumes are expected to increase this year…mostly due to a rebound in homebuilding. McGraw-Hill Construction is foreseeing a 16 percent rise in construction starts in 2010. The biggest building gain will be in Austin, which will be about 30 percent. In Dallas, construction starts are expected to rise about 16 percent. The Texas forecast calls [...]
Bankers Say The End Of The Foreclosure Crisis Is Near
The Mortgage Bankers Association is seeing signs that the foreclosure crisis is ending. “The continued and sizable drop in the 30-day delinquency rate is a concrete sign that the end may be in sight,” says Jay Brinkmann, MBA’s chief economist, in a published statement. Brinkmann said that normally there is a large spike in short-term [...]
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