3,988,013
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.
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Emmanuel Joseph
Miami, FL
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Roy Kelley
Gaithersburg, MD
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Debbie Gartner
White Plains, NY
921,504
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)
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Emmanuel Joseph
Miami, FL
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Debbie Gartner
White Plains, NY
279,878
368,326
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
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Emmanuel Joseph
Miami, FL
5,113,121
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.
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Emmanuel Joseph
Miami, FL
4,434,177
It will help buyers who are already thinking of buying a home. Others may not even know about it.
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Emmanuel Joseph
Miami, FL
913,568
Yes, it will help some, and might even increase the amount they qualify for.
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Emmanuel Joseph
Miami, FL
80,193
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.
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Emmanuel Joseph
Miami, FL
4,177,529
Emmanuel, I think, it should bring more into market.
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Emmanuel Joseph
Miami, FL
658,040
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.
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Emmanuel Joseph
Miami, FL
4,800,132
630,251
6,419,449
No, Those little incentives have less to do with the decisions than other factors.
4,319,773
3,071,489
14,729
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.
7,864,182
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.