The pattern of increased home sales in the Birmingham area continued in October, with 938 homes being sold in the Birmingham metro area. That’s exactly 100 more homes than were sold in the metro area in October 2012. The average price of those houses increased also. The median home price in Birmingham rose nearly 8%...Read More
That’s according to an article in Bloomberg. While rates ticked up this summer, they’ve floated back down a bit in the last few weeks. And the uncertainty of the shutdown in Washington, along with the lack of a federal jobs report because of the shutdown, means rates are likely to hold steady in this lower...Read More
The new FHA streamline program makes saving easier than ever for homeowners who bought their house with an FHA loan prior to May 2009. Back in 2008-2009, a “good” rate was 5.5% or so. Now, it’s 3.5%. On a $200,000 loan that’s a monthly savings of $236! But what makes this program unique is that...Read More
Channel 42 had done a special report on reverse mortgages. It was good to hear Christine Wade, an Alabama reverse mortgage borrower speak so highly of her reverse mortgage and what it has done to improve her life....Read More
Pending home sales in January bounced to a level not seen since the last days of the homebuyer tax credit in spring 2010. Called the Pending Home Sales Index, the report, which is based on pending contracts for home purchases, rose 2% from December nationwide. Even better, the jump in the South region was the...Read More
Fannie Mae’s Homepath program offers buyers a once-in-a-generation home prices on foreclosed homes. But buying a foreclosed house can be an intimidating proposition. We can help you navigate your way to a house you perhaps couldn’t afford in another situation, with financing that’s at record lows. But Homepath isn’t for everyone. There’s more paperwork involved,...Read More
