If the 3.5% down payment is eliminated, it will really hurt first time home buyers. This is a fight we need to win. Read on: Mortgage industry fights to keep 3.5% down payments
Blog :: 05-2011
There is a lot of conversations these days about our real estate market and whether it is good or bad, have we hit the bottom of the market or are we recovering. Here is a good video that puts our real estate market in perspective. The big picture is sometimes hard to see but it paints a good look into our future of home buying and selling.
Watch the latest video at video.foxbusiness.com
Median house price is up compared to last year, but number of sales are down. Keep in mind that last year we had the first time home buyer tax credit which fueled the house sales. These statistics are expected. Although the real estate market continues to be fragile, I am optimistic about the future and it will eventually turn around. It is just going to take time.
Click here http://bit.ly/kZQ1rd to read the latest news about the housing and job market in the Pioneer Valley region.