RISMEDIA, January 30, 2010—(MCT)—If your idea of a dream retirement home is a luxury contemporary overlooking a championship golf course in the desert, you better be prepared for some mighty small block parties: When it comes to retirement living, golf courses are out. And Arizona and Florida aren’t the only retirement-relocation hot spots these days. In fact, North and South Carolina now top the preferences of baby boomers who will be retiring in the next decade, according to a survey to be released from home builder Del Webb. “How times have changed when it comes to the golf course,” said [...] Click To Read More
Housing Preferences of Mature Consumers
A new survey by NAHB and the MetLife Mature Market Institute finds that consumers in the 55-to-64 age group and those over age 65 have similar housing preferences. However, consumers in the younger age group want more technology features in their home, while those in the older group prefer a single-story floor plan or one with a first-floor master bedroom, as well as universal design features. The survey also finds that the younger group expressed an interest in home maintenance and repair services as part of their next home purchase, as well as services typically associated with older homeowners, such [...] Click To Read More
Why The FHA is Waiving the 90 Day Flip Rule
Investors-FHA invites you to "flip" a property! Click To Read More
FHA Toughens Down Payment Rules
The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced Tuesday. The change is among a number of major changes the FHA is making to ensure its long-term financial soundness. Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to put down only 3.5 percent. The changes are intended to shore up the agency’s finances. The FHA also will increase its upfront mortgage insurance premium from 1.75 percent to 2.25 percent. The agency [...] Click To Read More
