The spring market is over and one bright spot for both buyers and sellers is the resurgence of the FHA loan program. These loans offer borrowers a chance to buy a house with only 3% down.
The return of FHA loans has provided some much needed liquidity to the huge number of existing homes on the market. We still have a way to go, but some houses did sell and many buyers were able to realize their dreams of a new home.
Drop me a note if you have a question or comment on this or any issue about the housing market.
Take care, Steve