FHA Guidelines are Changing

Today FHA announced that it would make sweeping changes to the current FHA mortgage program in an attempt to shore up it’s beleaguered balance sheet. As many existing FHA borrowers default on their home loans the move is necessary to ensure the program stays solvent. The biggest impact will be the increase in the up [...]

Houston Housing Market Sees Strong Price Appreciation in December

Houston Housing Market Sees Strong Price Appreciation in December 2009 year-end sales figures reflect normalization following distortions caused by Hurricane Ike   HOUSTON — (Jan. 19, 2010) — The Houston real estate market closed out 2009 with a more realistic snapshot of local conditions, ending three months of sales readings that appeared high when compared [...]