by kramoltz@hotmail.com | Oct 7, 2015 | Home Buying, Mortgages + Lending
The Federal Housing Administration will insure mortgages in less than 7% of the nation’s condominium developments, according to the New York Times. Condo projects must be certified (pre-approved) by the FHA before their loans can be made there, and due to the...
by kramoltz@hotmail.com | Aug 13, 2015 | Home Buying, Real Estate Facts & Figures
Condo construction nationwide in the 1st quarter comprised only 5.5% of multifamily housing — the lowest ratio since the Commerce Department began tracking this data in 1974. Historically, condo construction averages around 24%. In the metro Phoenix area in 2014, the...
by kramoltz@hotmail.com | Feb 28, 2015 | Canada and Canadians
Part 1. The Canadian real estate market has been very strong for a long time. Continued rising prices would appear to be unsustainable, as they can’t continue indefinitely. We learned that lesson in Arizona when our real estate boom busted. But Canadians claim that...
