Recent federal rule changes aid mortgage industry
POSTED: Monday, March 8, 2010 at 03:45 PM PTBY: IBR Contributor
Tags: financing, first-time homebuyers, housing market
Good news: The U.S. Department of Housing and Urban Development and the U.S. Department of Veterans Affairs have issued several new rules that will help loosen the tight credit markets. 1. Waiver of flipping restrictions On Jan. 15, HUD announced a one-year waiver of the resale rules applicable to Federal Housing Administration-insured loans. FHA’s anti-flipping [...]
House flipping: Rule change makes things easier for investors 
POSTED: Monday, February 15, 2010 at 11:18 AM PTBY: Dani Grigg
Tags: FHA, first-time homebuyers, Idaho Housing and Finance Association, Real Estate
Chadwick Taylor first got into real estate investing for the money. That was in February 2008, and he quickly learned that money isn’t a good enough reason to stay in the business. “The money’s not always there,” he said. “The market changes so fast that you can’t always depend on money being there, so you [...]
Dark numbers cast cloud over post-tax-credit housing market outlook
POSTED: Tuesday, January 26, 2010 at 12:35 PM PTBY: Dani Grigg
Tags: Economy, first-time homebuyers, Housing, Residential Real Estate
Home sales around the nation dropped 17 percent in December – with existing homes showing the largest monthly drop in 40 years – but that’s nothing compared to what happened in the Treasure Valley. The number of homes sold in Ada and Canyon counties fell 31.6 percent (from 832 to 569) between November and December [...]
