Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The fannie_mae_logo1restriction reversal does come with new minimum requirements, however.
Homeowners buying a 5th, 6th, 7th, 8th, 9th or 10th home must meet the following standards, as set forth by Fannie Mae:
Buying a home vs. renting is a big decision that takes careful consideration. For many years, purchasing real estate was considered an extremely profitable investment. Over the past view years many have held off, due to the Housing bubble burst and the declining market values due to the historic credit crisis.
This graph shows supply and demand trends since 2002. The dip in supply (listings) was obviously during the real estate boom of 2004/2005. You will also note the high inventory of homes (50,000+) now available for sale.
The right phrasing in real-estate listings can speed a sale and even boost the final price, a Canadian study says. And here’s a tip: If you must sell, don’t put “must sell” in your ad. -By Marilyn Lewis, MSN Real Estate
Listings with the words “beautiful” or “gorgeous” sold 15% faster. “Landscaping” in a listing hastened [...]
Monday, February 16, 2009
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