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Since we seem to be in a first-time buyer market, with time remaining to take advantage of the $8,000 tax credit, this seems like a good idea to make sure you understand the Federal Housing Administration’s new requirements for securing FHA loans. In effect since January of this year, they are still essentially “new.” First, let’s [...] I just got some data from the National Association of Realtors showing how home prices have performed in 2009, versus 2008 and 2007. Needless to say, in most cases they are down. There are some metropolitan areas that posted an actual increase versus 2008, indicating a turnaround in those markets. But looking at 2007, we [...] |
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