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Britain's home buying aid scheme boosts new homes market

Credit: Reuters/Suzanne Plunkett LONDON | Tue Aug 13, 2013 3:50am EDT LONDON (Reuters) - The British government said on Tuesday that 10,000 new homes had been reserved by beneficiaries of its 'Help to Buy' stimulus package, designed to boost the property market and encourage developers to build more houses. The data covers the four months since the scheme was launched in April as part of plans to generate economic growth and tackle a housing shortage. "This government's package of measures to boost the housing market is working, with house building and housing supply on the up," said Eric Pickles, secretary of state for Communities and Local Government. The scheme, targeted at new-build properties, provides a government equity loan that covers up to 20 percent of the property price and is designed to help buyers with a small deposit get access to mortgage financing. Critics including Britain's business secretary Vince Cable say it risks creating a bubble in property prices. A second phase of the Help to Buy scheme will begin next year, providing 12 billion pounds of guarantees. (Reporting by William James; Editing by John Stonestreet) Tweet this
Pour la version originale de l'article, voir http://www.reuters.com/article/2013/08/13/us-britain-housing-helptobuy-idUSBRE97C05Y20130813

House Values 101: Appraised, Assessed and Fair Market Value

Where Can I Get the Best Mortgage Rate With My Qualifications? Or they might just use those comparable sales figures we talked about earlier. Read: Should I offer below asking price? On the other hand, some sellers seem to pull their list / asking prices out of the clear blue sky, without any sense of realism. Maybe they base the value on the amount they currently owe on their mortgage, or the amount they paid for the house years ago. But neither of these things determines the fair market value of a home. What a Home Buyer Needs to Know Weve covered a lot of different terms and concepts in this tutorial. So lets do a quick recap: Assessed property value comes from the local tax assessors office.
Pour la version originale de l'article, voir http://www.homebuyinginstitute.com/2013/08/appraised-assessed-and-market-value/

Housing market builds (some) momentum

homebuild The lot situation is already resulting in higher prices. Lot prices are up about 25% for the year in parts of Northern California, 30% in Phoenix and 15% in parts of Denver and Orange County, Calif., Shea Homes' Silva says. In those markets, the recovery has been relatively strong compared with other parts of the country, home price data indicate. Yet, the inflation in lot prices appears to be broad-based. Nine of 10 builders around the country report increases in lot prices, according to a recent survey by John Burns Real Estate Consulting. That's up from one in 10 builders about two years ago. "We're not worrying about whether we vente a domicile can sell houses anymore," says San Diego builder Ure Kretowicz of Cornerstone Communities. Instead, builders are worried about finding lots for future building, he says. Lot prices in that city are up 30% in the past 18 months, Kretowicz says. Large and small builders are scrambling for them, and multiple offers are common.
Pour la version originale de l'article, voir http://www.usatoday.com/story/money/business/2012/12/18/home-market-builds-some-momentum/1778517/

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