Every day we try to bring you a better understanding of what we believe to be the major issues impacting the current real estate market. Today, we want to hear the topics on which YOU BELIEVE we should be reporting. Please leave your suggestion in … [Read more...]
FHA’s Permanent MI Policy: Clever, but Still a Problem
When it was announced that the Federal Housing Administration would extend its mandatory monthly mortgage insurance premiums to a minimum of 10 years up to as long as the life of its 30-year loans depending on the size of the down payment, many … [Read more...]
Realtors make more — 25 percent more in 2012, says NAR
Congrats on the raise. According to NAR’s 2013 Member Profile, Realtors are doing much better this year — earning 24.6 percent more in 2012 than they did in 2011. (That’s two years in a row that Realtor’s income … [Read more...]
Governor signs transportation bill
Quipping that "This may technically be transportation legislation, but at the end of the day, it’s a jobs bill," Governor Bob McDonnell signed Virginia’s new transportation funding bill — a bill Virginia Realtors helped … [Read more...]
‘Walking Dead’ and ‘Survivors’ in Real Estate
Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as ‘shadow inventory’, ‘cure rate’ and ‘short sales’ were introduced. Other words … [Read more...]
Buy or Rent: Which Makes More Sense Financially?
Every potential home buyer has to stop for at least a moment and consider this question. Today, we want to look at one of the many financial reasons to buy instead of rent: the housing expense moving forward. According to the latest Existing Home … [Read more...]
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