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January 27, 2012
Determining home values is important for buyers and real estate investors. Although not the same as the asking price, the value of a home can increase or decrease depending on buyers' perceived 'value' of amenities.
Another factor that affects home values is data collected through comparable sales reports. Comp reports provide information about recent home sales in the area. They are relatively easy to acquire in markets where there is considerable activity, but are harder to find in rural areas or communities where people stay put.
Buyers can obtain comp reports from realtors and real estate websites like PropertyShark.com and Zillow.com. When reviewing data it's important to compare apples to apples. Review prices of homes that have similar square footage, number of bedrooms and baths, lot sizes, and built within the same decade.
October 11, 2011
Fannie Mae mortgages have helped people obtain the dream of homeownership since 1938. This entity originated at the request of President Franklin Roosevelt who wanted to make certain every U.S. citizen had the opportunity to buy affordable housing.
Fannie Mae mortgages make up about half of the real estate loans currently held in the U.S. It's important to note that Fannie Mae doesn't originate loans. Instead, they buy loans from banks in order to free up credit so banks can lend more funds.
Up until 1968, Fannie Mae was part of the U.S. government. At that time, it evolved into a shareholder-owned private company that received the status of being a government-sponsored enterprise (GSE).
October 02, 2011
In a sense, Fannie Mae mortgages are an oxymoron, because this government-sponsored enterprise doesn't actually originate real estate loans. Instead, Fannie Mae and Freddie Mac buy loans through the secondary mortgage market so they can be sold to investors in the form of mortgage-backed securities.
Fannie Mae mortgages account for approximately 50 percent of all real estate loans that originate in the U.S. The combined mortgage portfolio of Fannie Mae, and her little brother, Freddie Mac are estimated at around $6 trillion.