While the days of easy credit and 100% financing might have disappeared, at least for now, down payment assistance programs are still alive and well. Survivors of the credit meltdown, these programs provide a valuable service for stimulating local housing markets. From down payment assistance grants to interest-free second mortgages and other special mortgage programs,
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By Shashank Shekhar Updated October 13, 2016 Buying a home is out of reach. It will take years for me to save 20% for the down payment! Good thing you do not need 20% for a down payment. Let me repeat that: You can buy a home without having 20% to put down. But I
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According to ATTOM Data Solutions’ Q1 2017 U.S. Home Affordability Index, one in every four county U.S. housing markets analyzed for the report were less affordable than their historic affordability averages in the first quarter of 2017. A total of 95 counties out of 379 counties analyzed for the report (25 percent) posted an affordability
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A high-rise residential development is being proposed for downtown Phoenix after the sale of 1.3 acres of land at Third and Pierce Streets. Clark Street Holdings LLC bought the land for $6.62 million from Third and Pierce Development LLC. Downtown Phoenix and the development site JLL (NYSE: JLL) Executive Vice Presidents John Cunningham and Charles
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According to Freddie Mac’s latest Primary Mortgage Market Survey, the average mortgage rate in the U.S. dropped for the second consecutive week. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline. Despite
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According to the National Association of Realtors, pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade. All major regions saw a notable hike in contract activity last month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, jumped 5.5
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