Does anyone believes the recent reduction in FHA mortgage insurance will get more buyer in the game? Is it enough? www.sellmyhomesoflorida.com

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Rainmaker
3,988,013

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

I think it will do very little to get buyers into the market but it may very well help some buyers on the edge qualify.

Jan 09, 2015 10:02 AM

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3

Emmanuel Joseph

Miami, FL
Roy Kelley

Gaithersburg, MD
Debbie Gartner

White Plains, NY

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Unfortunately, history shows that what motivates buyers is seeing prices increase, days on market decrease and competition increasing. When their friend, workmate, family member buys a house.

This activity, the creation of urgency, scarcity then leads them to take advantage of resources that can help them become qualified buyers.

In essence, too many buyers become more active when conditions do not favor them.

2015 promises to be a good year in real estate in my little slice of paradise in Florida. Increased sales volume will not be driven by these new programs but by the observable, predictable patterns of household mobility. (translation: improved home values has cut the anchor that kept owners stuck in place)

Jan 09, 2015 09:43 PM

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2

Emmanuel Joseph

Miami, FL
Debbie Gartner

White Plains, NY

Rainer
279,878

Dipti Thakkar

LAER Realty Partners - Andover, MA

On a team with Praful Thakkar

Not sure.

May 21, 2018 11:46 PM

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1

Rainer
368,326

Raoul Loustaunau

EXP REALTY - Phoenix, AZ

urhomefinder.com myvaluetoday.com

Hello Emmanuel , is going to help clients rations and put client that could not but back in the market to purchase, personally i think this should happen long time ago,also they should not charge mi for the life of the loan its a rip off in my eyes. thanks have a great month

Jan 10, 2015 04:09 AM

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1

Emmanuel Joseph

Miami, FL

Rainmaker
5,111,079

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

My crystal ball was stolen quite some time ago, so I have no idea. I could argue this both ways. I guess we'll find out soon enough, Emmanuel.

Jan 09, 2015 10:02 PM

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1

Emmanuel Joseph

Miami, FL

Rainmaker
4,434,177

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It will help buyers who are already thinking of buying a home. Others may not even know about it.

Jan 09, 2015 10:02 PM

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1

Emmanuel Joseph

Miami, FL

Rainmaker
913,228

Jeff Pearl

RE/MAX Distinctive / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

Yes, it will help some, and might even increase the amount they qualify for.

Jan 09, 2015 07:57 PM

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1

Emmanuel Joseph

Miami, FL

Rainer
80,193

RVA HomePRO Michael Hottman

RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA

Helping you achieve goals in life & real estate

I think it will definately help, too many first time buyers are so close on their ratios even the smallest assistance can make a big difference.

Jan 09, 2015 03:04 PM

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1

Emmanuel Joseph

Miami, FL

Rainmaker
4,174,353

John Pusa

Glendale, CA

Emmanuel, I think, it should bring more into market.

Jan 09, 2015 01:04 PM

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1

Emmanuel Joseph

Miami, FL

Rainmaker
657,740

Jeffrey Jones

AZ Home Seekers - San Tan Valley, AZ

AZ Home Seekers, azhomeseekers.com

reduction of MI along with conventional starting to ease into the 3% down market will definately bring more demand for mortgages and with increased demand will come ability to raise interest rates that have been historically low.

Jan 09, 2015 12:53 PM

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1

Emmanuel Joseph

Miami, FL

Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

It helped a bit.

Apr 22, 2018 06:02 AM

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Rainmaker
630,251

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

Everything matters!

Jan 12, 2018 08:27 PM

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Ambassador
6,413,766

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

No, Those little incentives have less to do with the decisions than other factors.

Oct 05, 2017 10:42 PM

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Rainmaker
4,319,773

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

This has helped a first time home buyer for sure.

Aug 16, 2017 10:01 PM

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Rainmaker
3,071,489

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Debbie R nailed this one!

May 04, 2017 05:03 AM

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Rainer
14,729

Emmanuel Joseph

Miami, FL

Thanks guys, those were some great responses. I realize that it will be the 1/2 point difference of a home buyer getting part of the american dream.

Jan 10, 2015 01:45 PM

Upvote

Rainmaker
7,860,670

Roy Kelley

Retired - Gaithersburg, MD

I agree with the answer by Debbie Reynolds.

Agents and loan officers need to advise buyers on the financing that will best meet their needs.

Jan 10, 2015 12:34 AM

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I think it will do very little to get buyers into the market but it may very well help some buyers on the edge qualify.
Unfortunately, history shows that what motivates buyers is seeing prices increase, days on market decrease and competition increasing. When their friend, workmate, family member buys a house.

This activity, the creation of urgency, scarcity then leads them to take advantage of resources that can help them become qualified buyers.

In essence, too many buyers become more active when conditions do not favor them.

2015 promises to be a good year in real estate in my little slice of paradise in Florida. Increased sales volume will not be driven by these new programs but by the observable, predictable patterns of household mobility. (translation: improved home values has cut the anchor that kept owners stuck in place)
Hello Emmanuel , is going to help clients rations and put client that could not but back in the market to purchase, personally i think this should happen long time ago,also they should not charge mi for the life of the loan its a rip off in my eyes. thanks have a great month
My crystal ball was stolen quite some time ago, so I have no idea. I could argue this both ways. I guess we'll find out soon enough, Emmanuel.
It will help buyers who are already thinking of buying a home. Others may not even know about it.
Yes, it will help some, and might even increase the amount they qualify for.
I think it will definately help, too many first time buyers are so close on their ratios even the smallest assistance can make a big difference.
reduction of MI along with conventional starting to ease into the 3% down market will definately bring more demand for mortgages and with increased demand will come ability to raise interest rates that have been historically low.
No, Those little incentives have less to do with the decisions than other factors.
Thanks guys, those were some great responses. I realize that it will be the 1/2 point difference of a home buyer getting part of the american dream.
I agree with the answer by Debbie Reynolds.

Agents and loan officers need to advise buyers on the financing that will best meet their needs.