Based on data from NorthstarMLS, I was able to put together the following chart that shows how home buyers in the first 1/2 of 2010 were financing their purchases. Fully 1 in every 6 buyers paid in cold hard cash, a huge increase from the 1 in 20 to 1 in 25 ratio more typical ...
In the last 12 months I've had a few situations where my client's offer on a foreclosure was rejected in favor of a cash offer. In my office, I know of many others that have experienced the same thing.With the data provided by RMLS that I used yesterday to comment about FHA transactions, I am ...
The housing market continues to change and one of the largest changes in 2009 was the resurgence of FHA financing. As lenders have tighted up financing requirements and increased down payments from 0% a few years ago to predominantly 10% today, FHA's more forgiving standards and lower 3.5% down payment requirement have made it a very ...