HUD defines a first-time homebuyer as someone who has never owned a home before. An individual who has not owned a home for at least three years is also considered a first-time homebuyer. For couples, if one spouse is a
Allows Tenants to report their rental payments to an Electronic Rent Payment Service which gives them the ability to build their credit history. This helps tenants get credit for managing their rental payments. Benefits to Landlord They are they Realize
This will give first-time home buyers help in saving money for down payments and closing costs. Some Details are; • 3% down payment with monthly PMI premium and no upfront MI competes directly with FHA. • Mortgage Insurance is required
Sales of new homes increased 9.6% for the second straight month, this is the fastest pace since the financial crisis intensified last fall. Inventory levels have declined to their lowest level since the early 1990s, the Homebuyer Tax Credit has
Although Multi-family housing starts declined 13.3% the opposite happened to Single-Family with an increase of 1.7% to an annual pace of 490,000 units, adding to the big jump of up to 18% from June. We maybe still a long way
Most Banks reported that the increased levels of lending CRE standards are still above decade-long averages. But 40% of the respondents expected standards to return to long-term average levels in the second half of 2010 or 2011 for Non-Investment and
If we look at the purchase of $124 Billion worth of long-term U.S. securities in June, then the answer is Yes. Junes purchase was the largest amount purchased by Foreign Investors since October 2007, Private investors accounted for $105 Billion
As the economy revives the Federal Reserve will look to change monetary policy to a more neutral stance. The Fed will probably unwind the policy of quantitive easing, and lessoning the amount of securities they buy. This in turn could
The consensus was that U.S. factory orders might show a decline, but in fact Junes orders picked up a 0.4 gain, and marks the third straight month of improvement and is consistent with a possible second half recovery. Business spending
In June 09 construction spending rose by 0.3%, and the residential component rose 0.7% there was a 2.4 jump in single-family, improvements to existing muti-unit and single-family buildings contributed to the increase. These are indications that although tentative, the housing market