Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate values across the country. The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area. Within every marketplace there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that most people are looking for practical advice. Please feel free to call 215-740-8999.
The Real Estate News this week was interesting. Fannie Mae made a profit. Go Figure a government run business turned a sizable profit. Now the tax payers can get back some of the money they spent to bail out the lender. The 2012 profit was $17.2 billion. This is the first full year profit since 2006 and twice the profit in 2003 as the bubble was inflating. This is particularly good news for taxpayers as well as anyone who owns a home. What I found of interest is the fact that as this was taking place the rules are3 actually being relaxed a little as we now have a 3% down loan with no mortgage insurance.
Today Vince and I are on our own as we look at what has happened recently in your local market and what might be next. Each change causes a different reaction. From FHA’s higher costs to the new AVI in Philadelphia.
Tune in to find out why now may be the best of times to buy or refinance.
Please join us Sunday Morning at 5:30 on WPHT 1210 am for an honest assessment of the markets in your area.