To discourage the “flipping” of properties, the FHA had a policy of not offering FHA backed financing if the purchase was within 90 days of the prior sale.
February 2, 2010
Mixed Messages in the Data
“On balance, while these data do show that home prices are far more stable than they were a year ago, there is no clear sign of a sustained, broad-based recovery.”
The above is a quote from a Standard & Poors press release on January 26. You can read the entire release here.
Don Grafues
Resource: Standard and Poors & REALTOR.org
Resource: Standard and Poors & REALTOR.org
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