Owning a vacation home is a dream; understand the market more clearly by considering these nine key factors.1. Market outlook: Is inventory plentiful? Are prices trending up or down? Is an area losing its cachet, or is it heating up? Be sure to … [Read more...]
How to tap into the next big baby boomer wave
Baby Boomers are downsizing and freeing up inventoryMost Boomers believe they are 10-15 years younger than their parents and grandparents were at this stage of their lives.The majority of the 78 million boomers need to remodel their homes or will … [Read more...]
Vacation Homes are Not Just for the Wealthy
When people dream of vacation homes, oftentimes they cut themselves off quickly, thinking they would never be able to afford one. However, new research by the National Association of REALTORS® shows that is probably not the case.While vacation homes … [Read more...]
Construction booms across Port Aransas
Construction continues to steam along in Port Aransas. City records show development moving at a brisk rate. Port Aransas is “a solid, healthy market with willing sellers and willing buyers,” Local Developer Lorette said. “These are individuals, … [Read more...]
What thrived and dived during the Texas coast recession?
What thrived during the Texas coast recession is a story how two developers came out smelling like a rose. This study is about the lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms … [Read more...]
Fannie Mae Streamlines Condo Approval
On Nov. 10, 2014, Fannie Mae published an update to its lender selling guide to improve and streamline its condo project approval process. The comprehensive changes have already been made to allow for immediate implementation, but will be updated … [Read more...]
International Homebuyers Bring $11 Billion to Texas Economy
The annual National Association of Realtors’ (NAR) survey measuring the level of sales of U.S. residential real estate to foreigners shows that international clients bought an estimated $92.2 billion in residential real estate. That’s approximately 7 … [Read more...]
Energy Efficient Mortgages Let Home Buyers Go Green
(Photo credit: Wikipedia) Yes, Virginia, there is such a thing as an Energy Efficient Mortgage, and it’s a financial product that coastal residents should believe in. The EEM is available through a Federal Housing Administration program designed … [Read more...]
FHA Fannie Freddie regulators move to ease mortgage credit
A shift by the federal regulator of Fannie Mae and Freddie Mac could soon make getting a mortgage loan easier by giving lenders more leeway before the mortgage giants demand that they repurchase loans. The majority of the homes on the Texas coast are … [Read more...]
Post-Housing Finance Crisis Fannie and Freddie 2.0
Fannie and Freddie 2.0: The Senate Does Not Get the Government Out of the Real Estate Market Given that close to 100 percent of the U.S. mortgage market is now backed by the federal government, it is good that the Senate Banking Committee wants to … [Read more...]