Investment

FHFA: Investors pre-qualify for REO-to-rent program

Feb 9th, 2012 | By

WASHINGTON – Feb. 9, 2012 – The Federal Housing Finance Agency (FHFA) announced the first step of a Real-Estate Owned (REO) Initiative that allows investors to buy pools of bank-owned (REO) properties in the nation’s hardest-hit metropolitan areas. FHFA first announced the program in August 2011.
Effective Feb. 1, investors may pre-qualify to bid on transactions [...]



Vacation homes: Why it might be time to buy

Aug 3rd, 2011 | By
Vacation homes: Why it might be time to buy

Home price declines remain the norm in many areas, but experts say certain luxury markets are picking up steam and attracting affluent vacation-home buyers.
The median second-home price fell 11 percent to $150,000 in 2010 from the prior year, according to the National Association of Realtors® (NAR). And the price dropped 25 percent since 2006, compared [...]