Raleigh’s “Weak and Declining” Real Estate Market

Wake County Real Estate Market Update June 2014 Second to Fannie Mae, the nation’s largest purchaser of mortgage backed securities is where you will find Freddie Mac. Each month Freddie publishes a variety of insightful industry reports. One of those reports is called the Freddie Mac Multi-Indicator Market IndexSM (MiMiSM). In this report various data points are weighted…

Housing Affordability Declines in Raleigh as Mortgage Rates Rise and Inventory Dwindles

However, here in Raleigh, there’s a different story. According to NAR, the Median Sales Price of Existing Single-Family Homes rose a healthy 2.9% in Q2 2013 from $193,200 during the same quarter last year to $198,800. But the real surprise for me was in Durham which saw a 3.6% overall gain from $198,500 to $205,700 for the quarter ending July 30, 2013.

How to get a No Money Down USDA mortgage loan in Raleigh

Ricardo Cobos is a Mortgage Loan Officer in Raleigh North Carolina helping people achieve financial security through responsible homeownership using great no money down loans programs like the USDA Guaranteed Rural Development Loans call 877-212-7784 to speak with an experienced loan officer today.

Fannie Mae Introduces new Short Sale Tool

Even though the Great Recession has been with us for more than 4 years, and Short Sales have been around for years, nobody has really been able to find a way to deal with them very efficiently. Fannie Mae is attempting to change that with the launch of the new tool they call The HomePath for Short Sales tool. The tools is divided into three categories: