Credit requirements loosening = Housing recovery?

Capital Economics. an independent global macroeconomic research and consulting firm,  reported on January 13, 2012 that as banks begin to lend more freely, housing sales appear to be rebounding.  A few key changes are helping make this possible.

  • Stabilizatoin of mortgage lending guidelines
  • A loosening of available credit
  • An increase in the amount loaned from 3.2 times borrower earnings to 3.5 times
  • Loosening loan-to-value ratios (LTV) are noted in the report as the “clearest sign yet of an improvement in credit conditions.”  Banks are now lending 82% LTV as opposed to 74% LTV back in mid-2010.

While these modest changes will not have a significant affect on housing price gains, they will allow a greater number of home buyers to enter into the housing market.

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About Quantico Homes

Working primarily as a referral agent, my main motivation is to be able to provide you the highest possible level of service as you look to buy or sell your home in the Northern Virginia Real Estate market. You should be so impressed with your service that you will feel compelled to refer me to your family, friends and colleagues. Our time together is always well spent meeting your specific needs because my time and effort is not spent looking endlessly to generate more business. As a Buyer's Agent, the buyer's criteria becomes paramount during the home buying process. Your needs will never be compromised because Dual Agency is not something I participate in. This is a distinguishing characteristic from many in the industry and I stand firm in the belief that no client in a transaction (whether a buyer or a seller) should be without 100% representation. You deserve all the loyalty and attention from an agent who will always have only your best interests in mind. Keeping in mind that Northern Virginia is a highly transient area, I am always privvy to sales reports and market analysis of all the surrounding counties from Alexandria/Arlington to as far south as Richmond County and from east on the Potomac and Rappahannock Rivers to the Shenandoah (and all points in between!). Between the military, corporate, and government relocations, having an agent working to provide you with the latest statistical information and market trends is imperative to a successful sale or purchase. Also, as an e-Pro, finding you homes and communicating that to you becomes increasingly efficient, as does marketing properties for sale. Using exceptional photography for virtual tours, staging all listings, and incorporating "out of the box" methods to generate the largest number of buyer leads while Marketing Your Property For Sale, I can save you time, money and frustration. Start your search for homes at http://www.IreneMoralesWard.com!
This entry was posted in Fannie Mae, Freddie Mac, Lending Institutions, Mortgages and tagged , , , , , , , . Bookmark the permalink.

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