Jennifer Young Homes BLOG

 Here is an article I found this morning - It's one more hurdle for buyers to jump through. Of course, now that there are better "conventional" loan rates and plans available out there (98% funding without MI), the decision might not have as huge an impact as it might have this time last year. We...

NEW YORK (Reuters) - The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed "short sales" of homes and other loan modification alternatives to stem a rising tide of foreclosures. The Home Affordable Foreclosure Alternatives Program provides financial incen...

For the eighth straight consecutive month, national foreclosure activity in the U.S. was dominated by a small set of states.As reported by RealtyTrac.com, more than half of October's foreclosure-related activity came from just 4 states:1. California2. Florida3. Illinois4. MichiganThe remaining T...

On Wednesday afternoon, Senator Ben Cardin introduced S. 1678, extending the $8,000 first time homebuyer tax credit for another 6 months to June 1, 2010.  The current tax credit is set to expire on December 1, 2009.  The bill has 4 co-sponsors: Ensign, Reid, Isakson, and Stabenow.  

This market is unlike any that I have seen over the past 8 years. Buyer activity is SOARING and inventory is down, which has buyers racing to get their contracts noticed and accepted, all while the first-time home buyers tax credit quickly ticks away.  The number of contracts written (offers) ver...

It's always exciting to talk about your investors' successes - we had one this week...we found a great little house for $48,000 at 355 Manassas Dr, Manassas for one of our investors. They paid cash, spent $30,000 fixing it up with repairs like new paint inside and out, new flooring, new kitchen, ...

If you're looking for a great resource for clients to check out on the New $8,000 Tax Credit for First-Timers, tell them to go to www.federalhousingtaxcredit.com. It supports what we're telling our clients. More people are eligible than they think!

Even before the House and the Senate started hashing out this new stimulus package now signed into law, our office was receiving numerous calls from first-time buyers. They've been watching the market prices go down and they're looking to buy. We've done a lot of extra marketing to bring those ca...

HAPPY NEW YEAR everyone! With the arrival of 2009, I find it's time to take a look back at what my team and I have accomplished - while also looking forward to the great opportunities ahead, for buyers and sellers who are looking to get BACK IN BLACK in the new year... First - a look back at an A...

As if the foreclosure market wasn't enough to keep up with, buyers are now playing their hand at taking a chance in the Auction market. This latest event on Saturday, February 7th was hosted by Hudson & Marshall at the Hilton - McLean Tysons Corner. Buyers looking to bid on a house were given two...