One of the most talked-about economic statistics these days has got to the be housing starts. In December, the Commerce Department noted an 8.9% increase in housing starts for the month of November. Supporting this obvious strength was a nation-wide increase in applications for housing starts, which also increased 6% from the previous month.
The implications [...]
Despite the current downward trend of the housing market and the tightening of credit standards by mortgage lenders, many in the industry agree that now may be the perfect time to buy for those who have been waiting for bargains in the housing industry. Record numbers of unsold houses sitting on the market, plus a [...]
The Federal Housing Administration has been helping Americans get loans for over 70 years. Here’s an overview of the Administration, better known as the FHA.
Federal Housing Administration
The Federal Housing Administration is, ironically, more of an insurer than anything else. The FHA does not provide mortgage loans to you and me. Instead, it insurers mortgage and [...]
