Archive for the National Economics Category
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FHA Offers New Temporary Guidelines
A significant issue facing many builders has been brewing for over a year. Recently, FHA issued a new Mortgagee Letter (ML 2011-03) that clarifies and extends some of the most challenging changes to the Temporary Condominium Guidelines published N
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Rockrose Goes Viral!
This week, the 2010 Virtual Big Builder Conference went live. The theme for this year's conference is "Affordable + Green: The Critical Combo". Brookfield's new Eco-Savvy community, Rockrose, is featured in the conference. The 30 minute presentat
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Home Buying Facts
The national media continues to do a dis-service to the perspective home buyers of San Diego County. There is only one rule that applies universally to real estate values ... LOCATION, LOCATION, LOCATION! This past week we have seen headlines scr
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Mortgage Rates Take Another Tumble
According to Freddie Mac's "Primary Mortgage Market Survey", the average 30 year fixed loan rate dropped to 4.57% with an average fee of 0.7 points. This rate applies to a conforming loan amount of $417,000 or less and to buyers with a credit score
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Federal Tax Credit “Deadline” Extended
President Obama signed an extension to the closing deadline for the Federal Tax Credit for Housing on July 4, 2010. The original legislative deadline called for all escrows opened on or before April 30, 2010 to be closed by June 30, 2010 in order to
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