Charlotte Real Estate
Charlotte market sees increase in home closings Source: Charlotte Business Journal The Charlotte market has seen its third consecutive quarterly increase in single-family home closings, according to a report by Metrostudy. Single-family closings in the fourth quarter totaled 1,939 units, 100 more than in the third quarter. Annualized closings crested in the second … [Read more...]
FHA has announced it will impose tighter standards via policy changes meant to strengthen its financial position. Let's take a look at the changes and what they mean to home-buyers who might use an FHA insured loan. 1. Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending. FHA is increasing the upfront mortgage … [Read more...]
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