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Home Prices In Arlington Continue To Hike
The housing market in Arlington County is getting more and more expensive as potential buyers continue to have fewer homes and condos to choose from. -
Inlet Cove is near Fort Belvoir and Potomac Mills
Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene -
Pending Home Sales on an Upswing
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1… -
A Good Time to Buy a High-End Home
Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move… -
Who is today’s homebuyer and why are they buying?
The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…
Mortgage giant Fannie Mae reported $17.2 billion for net income in 2012, its largest annual profit ever, The Wall Street Journal reports.
The housing market’s recovery is leading to fewer loans going bad, which is in turn helping Fannie see rising profits. Timothy Mayopoulos, Fannie’s chief executive, said he expects Fannie to “remain profitable for the foreseeable future.”
In the fourth quarter of 2012, Fannie posted a $7.6 billion profit. That’s compared to one year earlier, in which the mortgage giant posted a net loss of $2.4 billion.
Fannie officials say they expect to post a large gain for earnings in the first-quarter of 2013, which it will report next month.
Fellow government-sponsored enterprise, Freddie Mac, also reported its own record profit for 2012: $11 billion last year.
Fannie and Freddie have received $187.5 billion from the U.S. Treasury when taxpayer bailout money was needed to keep the GSEs afloat as distressed properties were surging. Fannie Mae and Freddie Mac now send nearly all their profits to the U.S. Treasury. “As a result, they have gone from being a major drain on the government’s coffers to a significant potential source of revenue,” The Wall Street Journal reports.
Source: “Fannie's Windfall Blurs Debate Over Its Fate,” The Wall Street Journal (April 2, 2013)