According to Bank of America, “Prices are bottoming now!” In the fall, the analysts had predicted home prices would drop by 8 percent from the second quarter of 2011 through the first quarter of 2013, but now they’re revising that forecast, realizing the housing market is stabilizing faster than they originally thought.
The analysts now predict that prices will remain flat for the next two years, as the excess foreclosure inventory is absorbed. They then expect to see a pickup in home prices by 2014.
And in the long-term, they see a big rise in housing prices. From 2012 through 2020, analysts forecast a cumulative growth of 42 percent in home prices (at 4 percent on an annualized basis).
New Price Reduction!
Two bedrooms with new pop out with large windows, great familyroom & livingroom, remodeled, large yard
with two storage units
$21,500
Home buyers with mortgages backed by the Federal Housing Administration will soon see a rise in fees.
The agency is raising its fees in an effort to try to recoup some of its depleted reserves, which suffered from the rising number of home owners who defaulted on their mortgages. The agency also says it’s raising fees to try to encourage the return of more private capital to the market.
Starting April 1, it will increase its annual mortgage insurance premium for loans under $625,500, bringing the total cost from 1.15 percent to the loan amount to 1.25 percent. Starting June 1, large loan premiums will see an increase of 0.35 percent of a percentage point, bringing the total cost up to 1.5 percent.
Cute starter home on one acre. Two story home with two bedrooms downstairs and two bedrooms and half bath upstairs, sun porch for hot sunny days, room for animals, close to town. Priced at $125,000
The Federal Housing Administration (FHA) plans to inpose significant restrictions on the amount of money that sellers can contribute at closing in the near future. The FHA also will be raising its mortgage insurance premiums during the coming weeks, increasing charges for new purchases acrosss the board.
I would like to congratulate our entire office for receiving the 2011 Pinnacle Franchise Award from Realty World! Way to go! We had a total on 472 unit transactions and a sales volume greater than $90 million.
I also will be receiving a Premier Salesmaster Award for over 7.5 million in volume or 30 closed transaction units. My numbers were 35.5 units and $8,687,913 in volume.
Congrats to all of the Award winners both in office and franchise wide!
I am so thankful to be in a career which I love and am recognized for my hard work and dedication!
Don’t miss an opportunity to purchase this unique home. Call me today and schedule an appointment for a showing.
