Real Estate News
WSJ Report – Durham #1 For Investors
Real-Estate Investing: the Best and Worst Markets By M.P. MCQUEEN Looking to snap up some investment properties on the cheap? You may want to consider Durham, N.C., Indianapolis and Huntsville, Ala. They are among the best places to invest now, according to a new report that ranks the best and worst markets for conservative residential-real-estate… Read More
Local Economy Causes Population Growth
Raleigh’s population count crashed through the 400,000 barrier in 2009, according to new population estimates released Tuesday by the U.S. Census Bureau. North Carolina’s capital city, with 405,791 residents as of July 1, 2009, moved up a spot in the rankings, supplanting Colorado Springs as the 45th biggest U.S. municipality. Raleigh posted a population… Read More
VA Vendee Financing: Buy VA Foreclosures With Special Financing
The Veterans Administration is offering to the general public a wonderful opportunity to buy VA foreclosures for personal use or for investment. The highlights of this program include: 1. Low fixed rate financing – 4.5% for 30 years. 2. No mortgage insurance 3. Do Not need to be a veteran. 4. No property limit for… Read More
Buyer’s Market or Seller’s Market? Which is it?
Actually, it is neither.The truth is it is actually a lender’s market! It is also true that to a degree it has been a buyer’s market for most of the country. This occurs when the supply of homes for sale exceeds demand, creating a situation where homes take longer to sell and where prices… Read More
Fannie Mae Sets New Rules
Fannie Mae calls its latest REO home sales program “First Look”, which clearly favors “owner occupants” and penalizes real estate investors! That’s because the “first look” at all of Fannie’s new REO listings, starting this month, will now go to home buyers who plan to occupy the units they purchase, or to local public… Read More
Best Places To Live
Durham at No. 5 on magazine’s list of best places to live Durham has won the attention of U.S. News and World Report. The Bull City has been placed fifth on the magazine’s Best Places to Live 2009 ranking released Tuesday. The magazine praised the town’s rebirth as a medical and tech hub for… Read More
Forbes ranks Raleigh #1 for Relocation Destination
Raleigh is #1 in the country ! Charlotte is #3 in the country! U.S. migration may be down overall, but these vibrant metro areas are still attracting newcomers. In Depth: 10 Cities Where Americans Are Relocating Unemployment is on the rise, credit is tight, and consumers aren’t spending–which means they aren’t picking up and moving… Read More
Fannie Mae Allows Up To 10 Mortgaged Properties Again !
Fannie Mae makes an announcement today to raise the number of financed investment properties back to ten. Since October of 2008, Fannie Mae had lowered the number of financed properties a borrower could have to four. Starting again March 1st, 2009, the limit will go back up to 10 properties. This is BIG news to the real estate… Read More