Archive for May, 2010

What Is Selling And What Is Not?

May 13th 2010

Now that the tax credit has expired (except for military personal), many in the real estate industry are asking themselves where is the market going? There has been some great information put out in the last few days that may give us a clue. On John Rebchooks blog www.insiderealestatenews.com (sponsored by Universal Lending) he posted a piece talking about the median price of recent home sales. That price fell below $300,000 and the bulk of those sales fell between $100,000 and $200,000. His article is titled “Home sale sweet spot below $300,000″ Continue Reading »

Posted by Mark Afman under Miscellaneous | No Comments »

203K Loan Refresher

May 2nd 2010

My wife was watching TLC this weekend and she asked if construction loans were really that tough to do. It turns out that there was one of those shows on that feature first time buyers and their trails and tribulations on finding a home. This particular episode featured a young couple that wanted to buy a home that was in the middle of a renovation but it had not been completed by the previous owner before they lost it to foreclosure. They were asking the Loan Officer about construction loans and the teaser segment said that construction loans were impossible to get. Continue Reading »

Posted by Mark Afman under Home & Mortgage & Mortgage Blog & Mortgage Information & Real Estate | No Comments »