Housing Crisis to End in 2012 as
Banks Loosen Credit Standards
BY: KRISTA FRANKS
Capital Economics expects the housing crisis to end this year, according to a report released Tuesday.
One of the reasons: loosening credit.
The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters. Read More >
Featured home: Renovated Home in
Silver Spring, MD (Washington, DC Suburb)
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Property is listed for $434,900
Tax Yr: 2011 Est. Taxes: $4,876
Information is deemed reliable, but not guaranteed.
Renovated/Remodeled top to bottom! Home shows like a model! NEW-kitchen w/ granite and stainless appliances, 3 NEW Baths, All NEW doors, Fresh paint, All new fixtures, NEW carpet, Gleaming HW Floors, NEW exterior doors, windows, roof, siding, gutters, downspouts, NEW garage, driveway, deck, HVAC, Electric upgrade, Prof landscaping, 1+ acre lot, 4th BR is buyer's choice. Close to ICC, Norbeck Road and Georgia Avenue. Owner/Agent
Within 2 miles of this home:
Northwest Golf Course (MCG's "2011 Golf Course of the Year"), Argyle Country Club, and the Aspen Hill Club ~ Montgomery County’s Finest Private Tennis and Family Fitness Club.
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Gaithersburg, MD 20877
Office: 240-403-0399 X306
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