Kristy W. Agan
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July Existing Home Sales Fall??
Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July [...]
NEWS ALERT! Senate Approves Increase in FHA Fees
The Senate on Wednesday gave the Federal Housing Administration the go-ahead to raise monthly fees that borrowers pay the agency. The annual fee is expected to raise from the current rate of 0.55 percent to 0.9 percent of the total loan. The bill gives the FHA the authority to raise the annual fee as high [...]
This Month in Real Estate - August 2010
Simple Home Repairs That Will Save You Money
Remodels are great, but can get pretty pricey. Not everyone has thousands to add value to their home - but what about those less glamorous repair projects on your to-do list? These simple and inexpensive maintenance items don’t seem like they add to your home’s value, but they’re big money-savers in the long run. 1. Caulk If [...]
Sales Slow But Remain Above Last Year
With the scheduled closing deadline for the home buyer tax credits, existing-home sales slowed in June but remained at relatively elevated levels, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1 percent to a seasonally adjusted annual rate of 5.37 million units [...]
This Month in Real Estate - July 2010
This Month in Real Estate - June 2010
Interest in Owning a Home Remains Strong
Interest in purchasing a home as an investment has more than tripled in the last year, according to a survey released today by Move Inc., which operates Move.com and REALTOR.com. More than 17 percent of potential home buyers say they plan to purchase a home in the near future as an investment, compared to just 5.6 [...]
Changes in FHA Mortgage Insurance
FHA announced they are increasing the upfront Mortgage insurance from 1.75% to 2.25% effective April 5th. This increase will cost the average consumer in Floyd County $675.00 on their loan amount. If you know someone who is buying a home, remind them to apply for their loan BEFORE April 5th to avoid this increase. Please feel free [...]
First Time Home Buyer Tax Credit Deadline Approaching
If you are a first time home buyer and haven’t made a decision yet, you are running out of time. In order to qualify for the $8,000 tax credit, you must be under contract by April 30, 2010. Don’t miss out on this great opportunity while rates are at historical lows and inventory is still high.
