All posts by Gail Johnson

January 1, 2013 the new 3.8% Tax will be in effect.

HGTV Green Home 2012

Photo courtesy of

The HGTV Green Home 2012 is a farmhouse-style structure with earthy stonework, a communal floor plan and plenty of private areas. Architect Steve Kemp talks to HGTV about how he designed the home.  More…

Fannie and Freddie Set Timeline Requirements for Short Sales

Beginning June 15, real estate agents working with distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days.  Hopefully this will increase sales and decrease inventory of home on the market, as well as Buyer’s expectations that they can close on these properties.

Short Sale Release April 17, 2012

FHA Fees to Increase Today

By: Peter King | April 05, 2012

As of April 9, 2012, the upfront insurance premium charged on FHA-insured mortgages for home purchases will increase to 1.75 percent, up from 1 percent currently. In addition, annual FHA mortgage insurance premiums will rise by one-tenth of a percentage point. Continue reading FHA Fees to Increase Today

Federal Reserve minutes show members leaning away from QE3

Since 2006 til now, the Fed has purchased $2.3 trillion in Treasuries and mortgage debt in the first two rounds of quantitative easing (QE).  The thought here is that these policies will lower the interest rates, giving businesses and consumers access to cheaper credit.

One of the members of the 10 person Federal Open Market Committtee who believes that the Feds have bought enough mortgage relief and that the economy will rebound by itself and that interest rates will climb. Guess time will tell.

Federal Reserve minutes show members leaning away from QE3 – Apr. 3, 2012.

What do you think?