Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: December, 2012

Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina. Keep up on all the latest happenings and local market information.

Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: December, 2012 Close
Page Summary

to Save Searches, Listings & receive free updates via email. Already a Member?

December 2012

There are 2 blog entries for December 2012.

Released yesterday, Fannie Mae's monthly economic outlook, which reflecting a still uncertain economic recovery overall, was definitely bullish on the housing market and its prospects for 2013. Referring to recent performance in the housing sector as a "Tailwind to Growth," the report also noted that consumer confidence is growing monthly with regards to housing. This confidence, in turn, is expected to be reflected in a rise in home prices over the coming months. Good news overall, and this provides hope as we get ready for the Spring selling season in 2013. 

Read Inman's take on the report here. If you'd like to read the full Fannie Mae report, click here. 

1,898 Views, 0 Comments.

The Federal Housing Authority (FHA) recently announced that they will be raising their mortgage insurance premiums and changing mortgage insurance rules in 2013 on FHA loans. Because of their ability to aid those who find it difficult to save up the often large downpayments required by conventional loans, FHA loans have supported the housing market in times of struggle. The FHA was created during the Great Depression to aid the tough housing market at that time, and those looking to buy during our most recent economic downturn often turned to FHA when loans were unavailable elsewhere. Therefore, any change to FHA loans definitely makes economists take notice, but as a recent FHA audit made clear, the FHA is in danger of not being self-funded for the first

2,679 Views, 0 Comments.