From the monthly archives:

February 2009

First time homebuyers…come on down!

by D. Patrick Lewis on February 24, 2009 · 0 comments

According to a recent survey done by the National Association of REALTORS® the percentage of first time home buyers rose in 2008 to 41%, up from 39% in 2007 and 36% in 2006. The median age of the first time home buyer went down from 31 in 2007 to 30 in 2008.  With the median [...]

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Update on the Stimulus Package

by D. Patrick Lewis on February 14, 2009 · 0 comments

As we have all heard by now, the Obama Stimulus Plan has been approved by the House and the Senate and will be signed into law.  Here is the Bill text: A & B which is all 1091 pages of legislation or you can read the Joint Explanatory Statement: A & B which is only [...]

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FHA Loan Limit…Not as much as you think!

by John Rapasky on February 3, 2009 · 0 comments

Only 5% down payment is needed for loans in excess of the FHA limit! That’s right, in Maricopa county, the new FHA loan limit, beginning Jan. 1, 2009, is $271,050.  The minimum down payment for an FHA loan is 3.5%. Many people think that 10% down is needed to get a loan in excess of [...]

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