River Young's (rivery) Blog

Here is something positive I just read...... "Fannie Mae, the agency sponsored by the U.S. government to help make housing more affordable to all Americans, now offers HomePath, a special new home loan to finance the sale of its current real estate owned (REO) properties across the country. Lower...

I just read some interesting stats about how powerful the internet is getting for finding homes.  As we all know most listings are on the Internet. "Realtor.com, the world's largest real estate database of homes for sale, carries information on more than 3 million listings." "According to the 200...

"The Housing and Economic Recovery Act of 2008 will eliminate seller-/ interested party funded down payment assistance programs (DAPs) on FHA loans effective October 1, 2008. The act prohibits any portion of the required borrower investment to come from: 1) the seller, or 2) any other interested ...

Is it? This was the headline of the article I just read. Here are a couple lines I thought was very positive.  "Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now."  "As a result, it now takes 19% of monthly income...

"Portland housing prices remain upbeat. Portland's seeming immunity to the housing crisis continues in February." -March 14 Oregonian "Portland: We're No. 2. Portland surpassed Seattle to become the second strongest U.S. housing market among the 20 largest markets."-Oregonian blog