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"That’s an increase of 17 million households
from conditions just two years ago and the best housing affordability
number we have seen in years," said NAHB Chairman Joe Robson, a home
builder from Tulsa, Okla. "We are now seeing the first signs that buyers
are returning to the marketplace."
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Toll Free Help (877)997-9888x150 |
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For now we will not explore the cause of this change, only the new requirements. Keep in mind though that these will change over time as well, hopefully to a more moderated middle ground but only time will tell. For those looking to get qualified in this tough market, please note the criteria below: Fico Scores. These must be better than average (600+), and when the credit report is run there must be no Bankruptcy (BK), and likely no |
"We are still going to have a tremendous amount of foreclosures, price declines, and best opportunities to buy properties at amazing prices," says Bruce Norris of The Norris Group. If that sounds like a mixed bag of bad and
good, indeed it is. Consumers have been inundated with
news about a troubled real estate market. "If you look at the
closings for California, 55 percent or more closings every month are
lender-owned properties; that ratio has never existed before. So, the
lenders are really dictating the prices at this point and there are so
many lender-owned properties that the appraiser almost has no choice but
to give that comp a lot of credence," says Norris. But the good news,
especially for those who have been wanting |
Our
Team
can
sell your house in any market!!
A beautiful estate in exclusive Portlock with deeded Ocean access,
large in-ground pool, 5br, 4ba, mature landscaping, and even a
treehouse! |
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Hawaii Real
Estate Online LLC |
Equal Housing Opportunity
Thanks to record low mortgage rates and declining home prices, 55 million
families – or half of all U.S. households -- can afford today’s $200,000
median-priced new home, according to figures released by the National
Association of Home Builders (NAHB). 
FEATURED
PROPERTY
It seems like every day someone is asking about why it
is so hard to get a real estate loan. Just two years ago
anyone, and I mean anyone, could get a loan to buy a
house or condo. Well, the times have changed and rules
from the lenders have changed right along with the
times. 
Falling housing prices, historically
low interest rates, and tax credits are creating an enticing environment
for renters to convert to homeowners. 
