The Market Is On the Move
By Michael Ardolino, Broker-Owner, Realty Connect USA
- October 21: Six federal agencies announced relaxed guidelines that should make mortgages easier to secure.
- October 31: The Federal Reserve ended its bond-buying program designed to bolster the market. It still plans to keep rates low for “a considerable time.” This keeps the window of opportunity open.
- November 6: The New York Times reported details about the government’s plans to expand the availability of low-down-payment loans. It also reported changes in private mortgage insurance that are creating a new advantage for some borrowers.
Locally, homes that are priced right are selling and selling quickly. Buying/selling; it’s all about momentum.
Please feel free to contact me: 631-941-4300 or Michael@Ardolino.com.
I’m always happy to share helpful real estate information, by publishing educational newsletters, speaking at real estate forums, and arming people with all the data they need to make confident, informed real estate decisions.