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Albany

Good News for FHA Borrowers

This breaking news comes from the National Association of Realtors: News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their control and also bring the agency’s […]

June Housing Market Numbers Soften

Alright, here is the latest Greater Capital Association of Realtors market skinny. Interestingly prices and pending sales both dipped in June as compared to the same month in 2013. Inventory of available homes for sale also declined, all while interest rates hit a 12 month low. If you’re thinking of selling there are 3 solid […]

Home Prices vs. Mortgage Interest Rates

One of my clients recently asked about home prices and interest rates. Specifically we were talking about the Albany housing market in 2014 and where we think home prices and interest rates will be in 2015. First off, let me just put out the disclaimer. I’ve been wrong before and I’ll be wrong again. So I […]

Latest Capital Region Real Estate Numbers

Here are the latest highlights of the Capital Region real estate numbers, as released by the Greater Capital Association of Realtors. These numbers were released at the end of May and reflect the most recent reported sales data in 2014 (from the month of April). Interestingly pending sales and home prices declined, as did inventory […]