Champaign Illinois Real Estate - Condominium Financing Up Against Tougher Hurdles!

Among an ever changing market for housing, the Champaign Illinois condo market may have another hurdle to contend with according to a Wall Street Journal article.

“Just as a flood of new condominiums are scheduled to hit the housing market this year, Fannie Mae has added restrictions making it more difficult for developers to sell their units.

The government-backed mortgage-finance company stopped guaranteeing mortgages in condo buildings where fewer than 70% of the units have been sold, up from 51%.  In addition, the company won’t back loans for sales in buildings where 15% of current owners are delinquent on association fees or where more than 10% of units are owned by a single-entity.

Champaign Real Estate Condo buyers and investors | The Panama City Beach Real Estate market

The Panama City Florida investor and Condo Real Estate market is driven by many investors from all over the world, not the least of which are those from the north, affectionately known as “Snowbirds”.

Being one of the country’s most affordable and beautiful vacation spots, Panama City Beach Florida has long been a vacation get away destination for Champaign Illinois residents as well as a spring break haven for University of Illinois students.

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