In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned Federal Mortgage Bank […]
Tag: mortgage
Loan Applications Rise as Rates Hit 2017 Low
More buyers moved to lock in rates last week, as mortgage costs dipped to their lowest average of the year. Total mortgage application activity—which includes […]
Will There Be Too Few Appraisers in 10 Years?
One of the most important issues facing residential real estate in the coming years has to do with the appraisal profession. Research by the National […]
NAR: Vacation Sales Plunge, Investors Rise
Vacation sales in 2016 posted a nearly 22 percent year-over-year drop and plunged to the lowest level since 2013, as buyers were greeted with fewer […]
Are Your Buyers Getting Frustrated Yet?
Consumers are increasingly on the house hunt this spring. Though they’re enjoying solid employment and paycheck gains and in a rush to beat rising mortgage […]
Sellers: Avoid The Downside of Hot Markets
Are real estate values on the rise in your neighborhood? Do you feel under siege from real estate professionals who have eager buyers interested in […]
FMBN boosts housing in seven states with 1,500 units
Mortgage Bank of Nigeria Amid concerns that a yearly rural-urban migration of over 5 per cent requires 720,000 housing units annually to fill the nation’s […]
‘New Lagos environmental law mortgages state to foreigners’
PHOTO: Architecture Lab A Lagos group, Concerned Citizens Forum, has given a fresh insight into the state’s new environmental law, describing it as not only […]
After Record High, Consumer Confidence Falls
Consumer confidence in the housing market receded from its record high in February, dropping 3.8 percentage points to a reading of 84.5 in March, according […]
Top Cities for First-Time Buyers in 2017
Affordability issues may be keeping some first-time buyers on the sidelines—the percentage of homes purchased by this group has fallen to 32 percent, which is […]