Tag Archive for: $8000 Home Buyer Tax Credit

Stability Comes to the Market

17 Apr
April 17, 2009 As the overall economy in the Washington, DC Metro Area continues to climb out of recession due to an expectation of rapid growth in local federal spending, the local real estate market is a prime beneficiary of those expectations.Since real estate and the overly aggressive lending to the asset class led the economy into recession, it makes sense that more prudent lending combined with lower sales prices are going to lead it back out. The demise of mortgage brokers as a credible source of mortgage financing, (few banks will fund their loans anymore due to the fraud and high default rates), means that buyers getting loans today are truly qualified and able to make those payments. The majority Read more [...]