As home prices rise, a larger percentage of first-time buyers are putting down less than 20 percent to buy a home, according to the October Down Payment Report from Down Payment Resource.
Call it a housing policy head fake – one with potentially painful consequences for moderate-income buyers, sellers and seniors in hundreds of condominium projects around the country.
For many condominium buyers and sellers across the country, the Obama administration delivered what seemed like encouraging news last week: The Federal Housing Administration, once the primary source of mortgage financing for moderate-income and first-time condominium buyers, is coming back
