In a surprise decision, FHA waived the 90 day rule for FHA loan customers to be able to buy a flipped home.  Prior to this decision, FHA buyers were left out of the market for homes that have been rehabbed and put on the market.
Best to you,
Mark and Kari Shea
Real Estate Experts Serving San Diego […]

The US Census Bureau released some statistics in the last week related to the trend of people moving.   Here is what it stated:

The residential “mover rate” is the lowest ever since the Bureau started tracking the information in 1948.
The number of people who changed residences dropped by 3.5 million from 2008 to 2007.
Renters are 5 […]

The national average interest rate on the 30-year, fixed-rate loan (used as the benchmark) averaged 4.78% in the week ending Thursday, setting a new record low dating back to 1971 for the second consecutive week.  That rate is down from last week’s  30-year, fixed-rate of 4.85% and a year ago of 5.88%.
Best regards,
Mark and […]

For all first time home buyers, click here for a link where you can get all of your questions answered on the $8,000 home buyers tax credit.
We hope this helps,
Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate