Robin Camacho
Las Vegas Real Estate
David Matthews
Gambling in Space
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
Be Ready to Pounce When You Find the Right Home
ROBIN CAMACHO said: Hey, Clark. I guess you haven't been with us for long...welcome aboard! I'm not really much in to sp... [More]
Be Ready to Pounce When You Find the Right Home
Clark said: There is no doubt that Robby didn't have his ducks in a row, but the question is who is to blame? In... [More]
Be Ready to Pounce When You Find the Right Home
Roger said: In defense of Robin I would say that with all due respect, Robby didn't
have his ducks in a row. I ... [More]
Be Ready to Pounce When You Find the Right Home
Clark said: Why didn't you inform Robby that he needed the statement ahead of time? Isn't that your job? Also fo... [More]
Las Vegas House Prices Have Likely Hit Bottom
ROBIN CAMACHO said: Thanks for the comment, Steve. You are right about fuel costs--scary.
However, this factor has not d... [More]
Enter your email address to subscribe to this blog.
Posted At : January 24, 2008 12:38 PM | Posted By : Administrator
Related Categories:
Current
The economic stimulus plan expected to reach President Bush for his signature in mid-February could bring some very welcome relief to buyers and prospective buyers of real estate.
The package includes a provision to raise the caps on FHA loans and home loans that Fannie Mae and Freddie Mac can purchase to $725,000. The current caps are $362,000 for FHA and $417,000 for Fannie Mae and Freddie Mac.
In high-cost areas where homes for $362,000 may not exist, it's tough for first-time homebuyers to purchase. FHA loans, which are not as FICO-driven as other loans, can be secured by first-time borrowers with a 3% down payment. Higher limits would allow more buyers to enter the market in areas designated as high-cost.
I'll be watching this to see what happens. I'll detail further implications to the Las Vegas real estate market as information arises.
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |
There are no comments for this entry.
[Add Comment]