Could Banks Be Releasing Money to Home Buyer?

PALM CITYS HORSE TALK

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters. However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability. Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings. Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.” In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV. While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan. Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability. THIS SUPER LOOKING HOUSE IS FOR SALE IN STUART-WEST!! 3200 sq ft and guest house, lap pool and a wine vineyard. Convenient to Palm City, Florida. It is a beauty. $479,000 Sunflower Homes and Equestrian, LLC

HAPPY HUNTING!! Home for Sale Palm City Florida

PALM CITYS HORSE TALK Take a quick look at this beauty that can be a treat for you this Holloween. Find this beauty in Stuart West, Palm City Farms, Palm City, Florida Sunflower Homes and Equestrian, LLC

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Stuart West, Palm City, Florida Unique Home with Vineyard for Sale

PALM CITYS HORSE TALK


STUART WEST in Palm City offers many lifestyles.

This container shows the harvest of a private backyard grape vineyard in Palm City, Florida

Harvest of Grapes

Take a good look at this product. This owner is excited about his results and will be moving on to a large vineyard. Come take a look at this beautiful private estate in Palm City Farms, Palm City, Florida

Location of Private Home for Sale

Armadillo Vineyard if very unique. This 3234 sq foot home has a two car garage, separate Guest house, Lap Pool, on three plus acres. Appointment Please. 772 283 6582.
Priced: $479,000
Sunflower Homes & Equestrian, LLC
Palm City, Florida
Carol Barron-Cross-Broker