Tag Archives: Federal

Federal – Landslide vote in House bodes well for easing limits in condo sales

Landslide vote in House bodes well for easing limits on condo sales

Everybody knows that congressional Democrats and Republicans can barely agree on anything. Yet in a rare and fleeting moment of unanimity in the House of Representatives, they recently approved legislation that could expand purchase prospects for thousands of people looking to buy their first home.

“Bottom line: The bill is great news for first-time and moderate-income buyers, but don’t expect changes overnight. It still must pass the Senate and get the president’s signature, but a 427-0 bipartisan vote in the House bodes well for both.”

Federal – Condo market gets boost from FHA rule change

Condo market gets boost from FHA rule change

Buying and selling affordable condos in Chicago and nationwide is likely to get easier, as federal rules on which condo buildings qualify buyers for mortgages through the Federal Housing Administration loosened on Friday. “The buyer pool just expanded,” said Mabel Guzman, a real estate agent with @Properties. “It’s a win-win.”

Buying and selling affordable condos in Chicago and nationwide is likely to get easier, as federal rules on which condo buildings qualify buyers for mortgages through the Federal Housing Administration loosened on Friday…