The American housing market continues to look strong as we enter the fourth quarter of 2012. With an all-time low 30-year fixed rate mortgage rate of 3.40% the housing market also appears to be lifting off the ground. Add the increasing home buyers purchasing power today and buyers are realizing the low mortgage rates will not last. Mortgage professionals are also well aware these low rates will not last and the next few months will be busy.
Governments Help Balance the Housing Market
New federal government housing programs are helping the markets across the United States stabilize. Keeping people in their homes is helping to reduce the foreclosure rate and short sales everywhere. Once there is balance nationwide the housing market will then be seen increasing in values again.
State Governments Fund Energy Efficiency Programs
In addition to federal programs, some states are actively forming programs to help the real estate industry. Utah is rehabilitating older homes to make them more efficient. This includes making homes safer and cleaner for its occupants. Cleaner homes is proving to be important for families with children who have asthma or other allergies. Utah’s new Green and Healthy Home’s Initiative is a plan to help these special buyers.
Green homes that are energy efficient typically sell for higher prices when compared to similar homes in the area. As home buyers continue to trend in this direction hopefully other states will follow Utah’s lead with housing programs.
Training and Accreditation for Professionals
First time buyers are finding it difficult to obtain loans for their houses with high deposits. This growing trend is greatly impacting jobs and the American economy in other areas, such as do-it-yourself projects, gardening, furniture and more. Mortgage professionals are always looking for ways to help new buyers acquire home loans. Training programs and accreditation seminars bring new information to help these professionals succeed.
Thankfully there are many companies dedicated to keeping the mortgage industry well informed and educated with this changing market. In addition to providing training services to companies, websites like TrainingPro.com also allow mortgage professionals to train from their own homes with live instructor taught classes online. These options allow mortgage professionals to stay updated and current in their requirements, while saving fuel costs at the same time.