DFW Real Estate News
FHA Issues New Guidelines to Curb the Practice of ‘Buy and Bail’
Over the past several months, the Federal Housing Administration (FHA) and others in the mortgage industry have observed an increase in the number of homeowners who have chosen to vacate their existing principal residences, purport to rent them out, and purchase a new residence.
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Fed’s Plan ‘An Important Move’ for Real Estate, Mortgage Rates
Following the Fed’s announcement of its plans to buy up to $600 billion in mortgage-backed assets, the housing industry welcomed this solution, citing Main Street and mortgage rates as the direct beneficiaries.”This is one of the key actions we’ve been advocating ever since the Treasury altered its course on how it would use the $700 billion recovery package passed in September. This is great news for home buyers and sellers and we applaud the Fed for taking this historic step...
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The Bailout: Looking Ahead—Real Estate Leaders Voice Their Opinions
The Emergency Economic Stabilization Act of 2008, also known as ‘the bailout bill,’ has real estate leaders talking about its impact on the industry. Here, Dave Liniger, chairman and co-founder of RE/MAX International, offers his thoughts about the bailout, what it means to consumers and the government’s new role in real estate.
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Paulson Unveils Plan to Ease Credit Crunch
Treasury Secretary Henry Paulson, warning that “millions of Americans cannot find affordable financing for basic credit needs,” announced a major expansion of the federal bailout on today as much as $800 billion to make mortgages and consumer credit more available and affordable.
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10 Real Estate Myths Debunked
Contrary to popular belief, things are not as dismal as they seem, according to Lawrence Yun, chief economist of the National Association of Realtors. Yun debunks 10 commonly held beliefs about the current housing market.
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Texas Economic Outlook
Texas continues to fare better economically than most other states. With our mix of industries and avoidance of the housing price bubble, Texas should have more resistance to – but not immunity from – recessionary conditions.
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Can the Government Keep Spending?
Since the U.S. economy went into freefall in September, the federal government has announced hundreds of billions of dollars in bailouts and economic stimulus packages in attempts to shore up banks and reignite the economy.
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2008 Cost vs. Value Home Rehabs
Remodeling magazine's annual report shows that maintenance-related projects and moderately priced upgrades are providing stable paybacks, even in a slower market.
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