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Mortgage and Lending - Primary Residential Mortgage Inc. - NMLS 286247
New York Federal Reserve Bank President William Dudley spoke in New York today saying that he feels that economic growth will rebound, which would warrant raising short term interest rates in 2015. The first quarter of 2015 saw growth slow in the first three months of the year, with the harsh wea...
The big freeze that gripped the housing markets in February thawed out a bit in March as construction on new homes edged higher, but were below expectations. The Commerce Department reported that Housing Starts rose 2% from February to March to an annual rate of 926,000, below the 1.045 million e...
The percentage of cash sales to purchase homes has been declining in the past four years. Cash sales made up nearly 39% of total sales in January 2015, down 41.4% since January 2014. Since January 2013, the year-over-year percentage has declined each month as January 2015 was the 25th consecutive...
Sales of newly built single-family homes rose just 0.2 percent in September, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. But though virtually unchanged from August, new-home sales still registered their best month since July 2008 and wer...
More and more people are buying homes today because home ownership has proven to be a good investment. More Americans perceive home ownership as a good long-term investment strategy than buying stocks and mutual funds, CDs and savings accounts, and even gold. Purchasing a home, and holding the pr...
One of the best pieces of advice for potential homeowners is that you don’t have to have everything when you buy a home. Look for a home in a good location that has the potential to be what you want – and plan renovations to address any shortfall in what the home actually is versus what you want ...
Time is one of the most critical elements of a home deal. As a buyer, you want the sellers to complete their repairs and meet your terms as quickly as possible. At the same time, the sellers want you to clear your contingencies and finalize the deal as soon as possible. The longer a home deal dra...
The summer real estate market is volatile – and a lot depends on where you are and conditions in your local area. National news – and news from other markets – doesn’t help you evaluate conditions in your own local market. If you’re having trouble finding a reliable source for information in your...
With over half of buyers using open houses as a critical tool to shop for homes, spring and summer open houses represent valuable opportunities for sellers to entice potential buyers. Take this opportunity to prepare for your spring and summer open houses – show your home to its best advantage to...
Potential homebuyers face a very stressful process in Florida and nationwide. Buying a home is one of the most important decisions that people make in their lives, and it can have a dramatic impact on the next few decades. Understandably, buyers face a lot of pressure to buy at the perfect time, ...

Al Norman

Florida FHA Home Loan Specialist
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