by kramoltz@hotmail.com | Feb 24, 2015 | Canada and Canadians
What’s happening with Canadian real estate prices? What about the economy in the frozen north? Have Canadians stopped spending in the US? Although the Canadian economy has slowed, the flow of investment by to the US has been largely unaffected. Housing seems to be...
by kramoltz@hotmail.com | Feb 24, 2015 | Mortgages + Lending
Good news on the lender front. First, HUD has reinstated the higher limits on FHA loans that expired 1/1/09. The limit for this government guaranteed loan was $346,250 last year for a single family home. But on 12/31/08, that amount lowered to $271,150.00. The impact...
by kramoltz@hotmail.com | Feb 24, 2015 | Foreclosures + Short Sales
Long largely immune from the fluctuations in the greater Phoenix market, Scottsdale has not been able to avoid the current adverse conditions. At one time the opinion that homeowners in the “Beverly Hills” of Arizona would lose property by foreclosure in significant...
by kramoltz@hotmail.com | Feb 24, 2015 | Home Buying, Taxes
The loss of the new home buyer down payment assistance/gift program in mid-2008 couldn’t have come at a worse time. With the real estate market already slowing dramatically, the disappearance of the most valuable incentive to purchase a new home hit builders hard in...
by kramoltz@hotmail.com | Feb 24, 2015 | Foreclosures + Short Sales, Home Buying
Buyers have discovered that it is not necessary to purchase a distressed property to obtain a great deal these days. According to its November 2008 survey, Harris Interactive reported that the number of buyers willing to consider the purchase of a bank owned property...
