Housing Finance Agency Initiative Offers Assistance to Lower-Income Homebuyers

Austin, TX ( Pressreleasecollection ) November 27, 2009 — The federal government announced its new housing finance agency initiative, intended to provide additional assistance to lower and middle income home buyers and renters. The hfa initiative offers two types of help to state and local agencies. First, it provides a temporary source of credit and liquidity for these agencies to shore up their financial situation and assist them in managing outstanding bonds. Secondly, it offers a new bond purchase program to allow state and local hfas to provide financing for new projects and rehabilitation of existing properties.<br /><br />The first portion of the initiative is the temporary credit and liquidity program. Under the new initiative, the department of the treasury will use the backing provided by freddie mac and fannie mae securities to underwrite existing loans; essentially, the federal government will purchase a financial interest in certain loans held by state and local hfas, freeing up additional capital for new loans and allowing hfas a measure of financial stability that recent market conditions may have endangered.<br /><br />The second portion, referred to as the new issue bond program, will directly offer temporary financing to hfas. This will allow the state and local agencies to provide new mortgages to lower income borrowers who might not be able to obtain financing through other means. It is expected that this initiative will provide hundreds of thousands of mortgages to first-time homebuyers. Refinance opportunities will also be made available to homeowners caught in the credit crunch.<br /><br />The hfa initiative is expected to provide more affordable interest rates to lower income home buyers by subsidizing those rates at the state and local level, allowing more families the opportunity to purchase their own home. While these programs are temporary, they are expected to have a significant effect on home sales. Additionally, since the funding for these programs will come from loans and bonds, rather than tax dollars, the programs are expected to pay for themselves throughout their duration.<br /><br />“The housing finance agency initiative will help more families purchase their first home,” joe cline of austin-based affinity properties said. “this will provide much needed stability for the entry-level housing market in austin and throughout texas, and give a boost to the real estate market in general.” Economic experts agree with this assessment, noting the need for a stabilizing influence at the lower end of the housing market has never been more urgent. State and local hfas are expected to submit plans for participation in the initiative to the federal government within the next few weeks. <br /><br />About affinity properties<br />Affinity properties is one of the most productive and experienced <a href="http://www.joecline.com">austin texas realtors</a>. For over six years, affinity properties has served the commercial and residential real estate needs of the west austin area from lake austin to lake travis, offering personalized advice and unparalleled customer service to buyers and sellers alike. Affinity properties is a re/max agent in the austin, texas area. For more information, visit our <a href="http://www.affinityproperties.com">austin real estate</a> websites at www.affinityproperties.com and www.joecline.com. <br /><br />About re/max international, inc.<br />Re/max was co-founded by dave and gail liniger in 1973. from a single office in denver, colorado, re/max has grown to be a global network of nearly 100,000 sales associates in more than 70 countries. no one in the world sells more real estate than re/max. today, all u.s. home listings in thousands of cities and towns can be found at <a href="http://www.remax.com">www.remax.com</a>.<br /><br />Contact Information<br />Joe Cline/Affinity Properties, Inc <br />Phone 512-795-4532 <br />Fax 512-233-2231 <br />info@affinityproperties.com <br /><br />###

Housing Finance Agency Initiative Offers Assistance to Lower-Income Homebuyers

Austin, TX ( Pressreleasecollection ) November 27, 2009 — The federal government announced its new housing finance agency initiative, inten...

Read more »

The Certified Green Professional Designation Course is Offered Across the Country

Austin, Texas ( PressreleaseCollection ) April 16, 2009 – “You may have noticed that <a href="http://www.affinityproperties.com">The Austin Real estate market</a> hasn’t lost all its vitality even under the nationally depressive economic conditions of late. One of the main reasons of this popularity of the Austin real estate is the green building method followed by many builders in and around Austin. Today, the Austin real estate market is the leader of global green building methods. Green building methods have grabbed the attention of real estate investors around the globe. Hence, it is becoming more and more important to own the Green Professional certification issued by the National Association of Home Builders” says Mr. Joe Cline of affinityproperties.com.<br /><br />Speaking about the Green Professional certification in more detail, Mr. Joe Cline said, “This certification is offered by the National Association of Home Builders. The National Association of Home Builders chose Austin Texas as their hub to introduce the green-building guidelines back in the year 2004 because Austin, Texas was the leader of green building technology at that period. This certification course includes 24 hour training about the techniques to be used to provide the investors and buyers of the real estate market eco-friendly green homes. The main motive of the program is to cut down the energy usage, lower the emissions and reduce the cost of construction. On successful completion of the program, candidates will be awarded the CGP designation which is a high degree of professional competence.”<br /><br />This certification will be a necessity for every Austin realtor to survive in the market in future. This certification is only available for individuals and not the companies or projects. This special course will be provided many times across the nation every month. <br /><br />About Affinity Properties<br />Affinity Properties is one of the most productive and experienced REALTORS in Austin. Affinity Properties has been in business in Austin for over 6 years and specializes in west Austin from Lake Austin to Lake Travis. Affinity Properties is a RE/MAX agent in the Austin, Texas market. For more information, visit <a href="http://www.affinityproperties.com">www.affinityproperties.com</a><br /><br />About RE/MAX International, Inc. <br />RE/MAX was co-founded by Dave and Gail Liniger in 1973. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 100,000 Sales Associates in more than 70 countries. No one in the world sells more real estate than RE/MAX. Today, all U.S. home listings in thousands of cities and towns can be found at <a href="http://www.remax.com">www.remax.com</a>.<br /><br />RE/MAX is proud of its Premier Community Citizenship, which has raised tens of millions of dollars for deserving organizations like Susan G. Komen for the Cure, Children’s Miracle Network and The Sentinels of Freedom Foundation.<br /><br />Contact: <br />Joe Cline<br />Affinity Properties Group<br />(512) 795-4532 <br />info@affinityproperties.com<br /><br />###

The Certified Green Professional Designation Course is Offered Across the Country

Austin, Texas ( PressreleaseCollection ) April 16, 2009 – “You may have noticed that The Austin Real estate market hasn’t lost all its vit...

Read more »

Affinityproperties Reveals Austin Real Estate Market Prediction

Austin, Texas ( PressReleaseCirculation ) April 10, 2009 – According to professional Austin realtor Mr. Joe Cline, this is an excellent opportunity to invest in Austin Real estate. He says, “This slowed down economic condition is the perfect period like the 1980s oil and gas bust period to invest in Austin Real Estate. The Austin Real Estate prices will decrease now and hence people who invest in Austin real estate now can reap huge returns by the start of 2010”. “This may be a tough period for the sellers though” says Mr. Joe.<br /><br />Speaking about his predictions about <a href="http://www.affinityproperties.com">The Austin Texas Real Estate market</a>, Mr. Joe Cline said, “The Austin Texas real estate investors should not expect quick returns now. The decreased price is likely to continue till the start of 2010. Hence you cannot reap returns overnight. Due to the current economic condition, many builders and those in real estate are forced to offer discounts that they wouldn’t even imagined just 12 months ago. The Austin Real estate market is no exemption. You will see many homes and foreclosures available for sale in the Austin MLS at great prices. The current economic condition is part of a cyclic process and hence the Austin Real Estate market will regain its shape in near future providing great returns to the wise investors.”<br /><br />“Great changes have taken place in the Austin Texas real estate market. However, when compared to the Global real estate market, the Austin real estate is still showing great value. Today, Austin is the most preferred real estate investing option for many people worldwide. With the cheap pricing of homes in the state’s best tourist spot, there is bound to be increasing demand for Austin real estate” says the Austin Realtor<br /><br />About Affinity Properties<br /><br />Affinity Properties is one of the most productive and experienced REALTORS in Austin. Affinity Properties has been in business in Austin for over 6 years and specializes in west Austin from Lake Austin to Lake Travis. Affinity Properties is a RE/MAX agent in the Austin, Texas market. For more information, visit <a href="http://www.affinityproperties.com">www.affinityproperties.com</a><br /><br />About RE/MAX International, Inc. <br /><br />RE/MAX was co-founded by Dave and Gail Liniger in 1973. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 100,000 Sales Associates in more than 70 countries. No one in the world sells more real estate than RE/MAX. Today, all U.S. home listings in thousands of cities and towns can be found at <a href="http://www.remax.com">www.remax.com</a>. <br /><br />Contact: <br />Joe Cline<br />REMAX’s Affinity Properties Group<br />(512) 795-4532 <br />info@affinityproperties.com<br /><br />###

Affinityproperties Reveals Austin Real Estate Market Prediction

Austin, Texas ( PressReleaseCirculation ) April 10, 2009 – According to professional Austin realtor Mr. Joe Cline, this is an excellent opp...

Read more »