Emmanuel Joseph

Spam prevention
Ambassador
3,985,488
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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
Rainmaker
831,758
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
Rainer
279,598
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Not sure.

May 21, 2018 11:46 PM
Rainer
368,026
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
Rainmaker
3,567,044
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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
Rainmaker
4,432,971
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
Rainmaker
798,677
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
Rainer
80,043
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
Rainmaker
3,111,023
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

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

Jan 09, 2015 01:04 PM
Rainmaker
541,331
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
Rainmaker
4,798,978
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
Rainmaker
629,751
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

Everything matters!

Jan 12, 2018 08:27 PM
Ambassador
4,843,206
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - 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
Ambassador
4,307,769
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

This has helped a first time home buyer for sure.

Aug 16, 2017 10:01 PM
Rainmaker
3,067,302
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
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
Rainmaker
5,978,401
Roy Kelley
Realty Group Referrals - 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