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...
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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...
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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...
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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...
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Todays interest rates are keeping the dream of home ownership alive and well.  Coupled with the surge in refincing activity,  bankers and mortgage brokers are working overtime to keep up with demand. Now is an excellent time to reduce your mortgage payment! As a service to all visitors to this site, you can check on...
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