Well, here we are at the start of a new Administration and perhaps a new way of doing things. No one can predict what the Real Estate industry can expect in the coming year. One thing that concerned me right from the first few days, was that the president had signed an executive order that removed a decision that was made one month earlier that would have cut, by 0.25% the cost of mortgage insurance premium on FHA loans. This, on average would have saved a first-time homebuyer approximately $446.00 per year. It’s not the amount that is my concern, rather the signal it sends, that perhaps this may in fact be the direction this administration may be heading. From my point of view, supporting a healthy housing market is the basic foundation to a strong economy. On the other hand, we do have to wait and see.
