Important 2010 Real Estate Dates to Know!!

There are many changes affecting YOU in real estate for the first quarter of 2010.

I have listed a few important dates pertaining to DC real estate in 2010 as follows:

-February 1: FHA (Federal Housing Administration) removing the 90-day "flipping" restriction on foreclosures. This allows investors to renovate and sell foreclosures faster.

-March 31: Federal Reserve Program to purchase mortgage-backed securities to keep interest rates low will expire. This allows interest to rise to 6% before the end of the year.

-April 1: The first-time homebuyer tax credit will expire. For more information: http://www.jtrotman.com/ (See Video on Homepage)

-April 5: FHA requirements are changing policy to increase mortgage insurance premiums for sale transactions and refinancing. http://tinyurl.com/y8l5or8

NOW is the time to purchase a home if you are thinking about doing so in the next 3 years...Let me know if you have any questions.



Call me at 301-452-4767 with any real estate questions!