Applications for large mortgages are exceeding the number for modest mortgages in today’s market. Mortgage bankers funded $26.6 billion of jumbo loans during the third quarter of last year. That’s a 30 percent gain from the same period during the ...Read More »
Many homeowners with "underwater” mortgages can still refinance their loan with a lower-cost affordable mortgage, thanks to the Home Affordable Refinance Program, recently revised and extended until Dec. 31, 2013.Read More »
As local, county and state governments face growing, and sometimes desperate, economic needs, they increasingly turn to real estate transfer taxes as a source of funding. This is a tax that may be imposed at the closing of home sales or other real property transactions.Read More »
An interesting trend is surfacing in today's housing industry. More first-time homebuyers are being financially assisted by their parents. This is particularly noticeable when the parents are among the baby boomer generation. They are showing an intense interest in helping their children and grandchildren become homeowners.
Tagged with: Jim WoodwardRead More »
Seniors seeking a retirement home are increasingly turning to rental units, as opposed to the traditional practice of purchasing a smaller single-family home or condo. At least, they are opting for rentals for temporary housing while waiting for the market ...Read More »