economic stimulus: Congress allows loan limits to decrease in Massachusetts - 10/04/11 01:26 PM
FHA/Fannie Mae/Freddie Mac loan limits revert back to lower levels in Massachusetts  
Despite REALTOR® efforts on a national level, Congress let the temporary increases to FHA and Fannie Mae/Freddie Mac loan limits lapse on October 1.  As a result, loan limits have reverted back to pre-February 2008 levels (the date that former President Bush signed the 2008 Economic Stimulus Bill, which temporarily raised the limits).
As a result,  loan limits declined in 669 counties in 42 states across the country.  The new limits will be equal to 115% of local area median home price (from 125%).  The high cost cap will … (1 comments)

economic stimulus: Aren't Realtors Also to Blame for the Housing Crisis? - 02/03/10 03:04 PM
Should the Real Estate Community Share in the Blame for the Housing Crisis?
 
According to Lawrence Yun, Chief Economist for the National Association of Realtors® (NAR), housing sales should increase by approximately 15% in 2010, with a modest (3-4%) increase in prices.
But, is everything what it seems to be?  All around us we hear about strategic defaults, increasing rates of foreclosure, banks are slow to approve short sales, consumers are holding out on buying with the hope that prices continue to fall.  Lenders won't offer attractive rates for jumbo loans and existing homeowners can't easily refinance.
Everything that seems … (48 comments)

economic stimulus: My Afternoon with Dr. Lawrence Yun - 02/02/10 12:05 PM
An analysis of Real Estate Market Trends & Outlook


 
Are you proud to wear the Realtor® pin on your lapel each and every day?  I am and yesterday I was proud to join hundreds of other Realtors® as we listened to Dr. Lawrence Yun, Chief Economist of the National Association of Realtors®, as he reflected on the housing market, the plans for economic recovery and our roles as ambassadors to the industry to "set the record straight."
The Crystal Ball
Dr Yun started the discussion with some information about why the homebuyers tax credit was extended and expanded … (21 comments)

economic stimulus: Readjusting the Finger of Blame - 12/29/08 01:51 PM
For those in the AR Community that know me, I have seen and done a lot in the financial markets before finding my niche in real estate.  In earlier years as a leader of the offshore hedge fund practice of Arthur Andersen, I was quite outspoken about the lack of an audit trail for managed accounts and bruised many "client relationships" because I wouldn't back down on the lack of transparency of these vehicles in view of the audit that I had been entrusted to perform for an investor or for a hedge fund client investing in managed accounts.  Well, almost 20 years later, Mr. … (2 comments)

economic stimulus: Is There a Home Buyer's Tax Credit In Our Future - 02/08/08 10:18 AM
I  am a franchise owner of a very progressive privately owned real estate and related-services provider.  While many of the corporate franchises in my neighborhood are focusing on increasing ways to get a dollar out of a client, my firm is focused on increasing ways to bring buyers and sellers into the market to do a transaction.  In my own way of thinking, if I create the opportunity, won't the dollars come to me anyway?
Before you discredit my blog as coming from a small independent, take note.  My privately owned real estate and related-services franchisor generated more than $74 Billion in home … (0 comments)