The KCM Blog: …And the Changes Keep Coming With an election year right around the corner, it seems obvious that the world is full of flip-floppers, so why should housing and mortgage policy-makers be any different? Remember when the Federal Government was trying to ease its way out of being the dominant provider of mortgage financing (and trying to move people more into the private sector and Private Mortgage Insurance)? Remember the days when government insured financing (through FHA loans) was capped at 85% of their conventional counterparts (from Fannie Mae and Freddie Mac)? Then, the government recently decided to LOWER the conforming loan limits to read the rest of this blog and others go to site below! htpp://www.davidnelsonexit.com/blog
http://www.davidnelsonexit.com/blog/2011/12/01/the-kcm-blog-and-the-changes-keep-coming/
The KCM Blog
Why You Need an Expert
Yesterday, we explained that having someone who truly knows the market was crucial if you were planning to buy or sell a home today. This expert should know what is happening in real estate, understand why it is happening and be able to simply and effectively explain each point to you and your family. Today, we want to discuss the consequences if you don’t have a true industry professional on your side.
When families enter into a contract to buy or sell a house, two things are true:
The buyer wants to own the home.
The seller wants to sell the home.
In order for both these things to take place, the transaction must be completed. That is not an easy task in the current market. The National Association of Realtors (NAR) released their Existing Homes Sales Report yesterday. In the report, NAR announced that one out of every three contracts to purchase a home in October never made it to a closing table. How does that ratio stack up against previous numbers? Here is a graph showing previous rates of cancellations:
To see the rest of this article go to www.davidnelsonexit.com/blog
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