The Federal Housing Finance Administration (FHFA) is undertaking one of the most important movements to shore up the housing market, and most people don’t even know about it. The short end of it all is that they are looking to sell bank owned homes to private investment groups to renovate and rent out. A sister …
Remember the exciting news that the FHA was introducing a pilot program where large bulk purchases of foreclosed homes are going to be sold to investors? They have just extended the deadline for that program by one month. The reason cited in this article from www.housingwire.com is that they are qualifiying bidders. In fact, One private …
If you have ever wondered before this moment, why the U.S. government is trying so desperately to kick start the housing market, read no further than the headline above, Real estate generates more than $1B in salaries in 17 U.S. markets If we break that number down further, the results are still staggering and highlight why …
