Sunday, August 18, 2019 / by Chris Cox
The US Department of Housing & Urban Development(HUD) has long recognized that sweeping changes were needed to improve stagnant condo sales, and last week they finally announced their reform.
There are over 150,000 condominium projects in the US. However, only roughly 6.5% of these projects have met the standards to be "FHA Approved" projects. This has meant financing challenges for decades on some of the most affordable housing for first time home buyers. As a result of this condominium sales have remained relatively stagnant despite an overall strong housing market.
These changes go into effect starting October 15, 2019, here are a few of the highlights. The full rules can be found on the HUD website
A new single unit approval process for units in non-approved projects. Sometimes referred to as "spot approvals".
FHA approvals now good for 3 years for approved projects. This is up fr ...
Wednesday, March 13, 2019 / by Stephanie Gasparovic
Thursday, April 17, 2014 / by Tyson Emery
The Real Estate Market is on fire. Buyers and Sellers are both finding common ground and getting unbelievable deals right now.
Tuesday, February 18, 2014 / by Tyson Emery
Check out Hammock Watch Development in Hampstead...Only 15 minutes from downtown Wilmington
Sunday, February 16, 2014 / by Julie A. Reisner
This is an amazing article I found on HGTV on how to update your bathroom on a budget. I love the ideas and didn't realize that some of these amazing 'spas' could be mine!
Check it out here: http://goo.gl/PVrrBQ
Call me if you are thinking about buying or selling your home in Wilmington. I'll get my experts right on it!
Concierge, Team Gasparovic/Keller Williams