Single-family housing starts increased 3.9 percent in October to 430,000 units compared with September’s figure of 414,000, the U.S. Census Bureau and Dept. of Housing and Urban Development announced last week. You can view the report concerning the new residential construction in October 2011 by the government here: www.census.gov/const/newresconst.pdf
The first step in the home-buying process is to find out what you can afford to pay for a house, condo or co-op. This will depend on the amount of cash you have available for a down payment, your credit, income, assets, and overall financial situation. Mortgage qualification is easier for buyers who work as …
Home Runs? Government announces plans to “wind down” Fannie Mae and Freddie Mac Responding to financial losses and market distortions caused by mortgage giants Fannie Mae and Freddie Mac, the Obama administration sent Congress a plan to “wind down” the two government-owned secondary lenders over several years, “shrink the government’s footprint in housing finance, and …
Continue reading ‘Fannie Mae & Freddie Mac to close down?’ »
The first step in the home-buying process is to find out what you can afford to pay for a house, condo or co-op. This will depend on the amount of cash you have available for a down payment, your credit, income, assets, and overall financial situation. Mortgage qualification is easier for buyers who work as …