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First Time Home Buyers

42 Percent of Home Buyers are Unrealistic About Home Value Appreciation Despite widespread volatility within the housing market and five consecutive years of home value declines, more than two in five (42 percent) of polled prospective home buyers believe home values typically appreciate by 7 percent a year, according to a recent survey by leading real estate information marketplace Zillow (NASDAQ: Z). This is an unrealistic expectation as, historically, home values ... read more>>   Buyers of High-Priced Homes in a Bind Time is short for some buyers and owners of more expensive homes to get the best terms on mortgage loans. Starting Oct. 1, Fannie Mae and Freddie Mac will cut the size of loans they buy from lenders. That will force many future borrowers into more expensive and harder-to-get jumbo loans. The Freddie and Fannie limits, which are generally $417,000 for single-family homes nationwide, were raised i ... read more>> Can You Get Home Buyer Credit If you bought a home last year, you may be eligible for a tax credit of up to $8,000 when you file your 2010 tax return. But before you start shopping for hardwood floors, make sure you qualify. And even if you're eligible, you'll need to take extra steps to prove that your claim is legitimate. Congress first enacted a home buyer's tax credit in 2008 in an effort to revitalize the housing market. ... read more>>   Connecticut Couple Are 300th New Home Buyers at Symphony Village Wanting to be closer to their children as well as to live where the winters are milder, a couple from Connecticut recently became the 300th new home buyer at Symphony Village, the active adult community in Centreville, according to Jeff Caruso, president of Caruso Homes, Crofton, Md. The Connecticut couple, who purchased the Gershwin model, settled earlier this month and plan to relocate to Symph ... read more>> First-Time Home Buyers Getting Shut Out Many first-time home buyers are sitting on the sidelines of the U.S. housing market, hampering its ability to gain traction. Last month, 34% of existing-home purchases were made by first-time buyers, according to the National Association of Realtors. In January, they were 29% of the market, the lowest since NAR surveys started tracking them monthly in late 2008. In healthy markets, first-time bu ... read more>>   Home Buyers Were Duped by Their Local Authorities as Well WE MAY be basking in an Indian summer but the skies are darkening as the chickens hatched during the Celtic Tiger come home to roost. Today, 187 families are packing their possessions and looking for somewhere to stay after the High Court ordered them to evacuate their north Dublin apartments because they are unsafe firetraps.. Priory Hall was built in 2007, when eager young people paid more than ... read more>>

New articles first time home buyer edition... It is an Employers Market For Home Loan Officers Mortgage loan officers are still smarting over the Federal Reserve's new compensation rules, but if anyone's celebrating it's the folks whose job is to actually hire loan officers and their wholesale counterparts, account executives. "It's a fun time to be recruiting," said Lisa Schreiber, executive vice president in charge of wholesale lending for TMS Funding in Milford, Conn. "There are so many ... read more>> MI Homes Charlotte Introduces Interactive App for Brokers and Home Buyers M/I Homes Charlotte has created a fun, innovative iPhone app that allows you to connect, search and share information on M/I Homes communities in Charlotte and surrounding cities. The free app is geared towards both consumers and brokers. You'll find move-in-ready homes, available plans, current promotions and pricing, and maps to any M/I Homes community in Charlotte, Stallings, Concord, Huntersv ... read more>> More Huedles For Home Buyers UNCLE SAM IS BACKING AWAY from a big part of the homeloan business in a slow retreat that will ultimately make mortgages more expensive. The trade-off is that taxpayers won't bear the cost -- or not as much of it -- if the housing market implodes again. It will take years to wind down Fannie Mae and Freddie Mac, the infamous failed mortgage giants now in conservatorship. But we're already getting ... read more>> New Home Buyers Get Expert Advice from New Construction Inspectors New home buyers in Ontario now have the opportunity to enlist the services of a qualified New Construction Inspector (NCI) and receive professional guidance on navigating the Tarion warranty program, The Ontario Association of Home Inspectors announced today. "The significance of this new designation is twofold," said Robin Green, President of The Ontario Association of Home Inspectors (OAHI). "I ... read more>> Young Buyers Trapped in First Homes HUNDREDS of thousands of young people are 'trapped' in homes they bought when property prices peaked four years ago, a report has warned. It will be nearly impossible for them to move from their first home on to the second rung of the property ladder. Since 2007, they have seen the value of their house plummet by an average of ?11,000 - amid fears that prices will continue to fall. The worst-hi ... read more>>