Property Specialists in Livinsgton & Phoenix Valley
HUD Announces New FHA Condo Financing Rules! The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: […]
JOINT CENTER FOR HOUSING STUDIES OF HARVARD UNIVERSITY – 2019 Harvard released its comprehensive study on housing trends and the current state of housing. The report begins with the Executive Summary: With new construction still slow to recover from historic lows, almost 80 percent of the nation’s 137 million homes are now at least 20 […]
Whatever You Call It, It’s Real and It’s Here By Clare Trapasso | Realtor.com Ever since the whiplash-inducing, bust-and-boom cycle of the U.S. housing market kicked into high gear with last decade’s devastating crash and this decade’s ever-escalating home prices, bidding wars, and inventory shortages, one question has been top of mind for buyers and sellers alike: Is this […]
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of […]