FNMA announced today that it’s raising its Loan to Value (LTV) limits. This means that home buyers can put a lot less money down to buy their dream home. It all sounds great, right? Fabulous news! NOT Really! Well it’s not as it seems just like all the other announcements that have been made recently. …
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I have always believed that real estate is strictly a LOCAL business. To this day, I am flabbergasted by the local Pasadena news media writing and panicking about national real estate trends. What does that have to do with Pasadena home sales? Very little! The real estate market in and around Pasadena, California has been pretty…
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