The majority of real estate agents in the Mid-Atlantic believe that these new rules will affect homebuyers:
• Nearly 44 percent of real estate professionals believe the new mortgage rules will be better for the real estate industry and approximately 32 percent are still unsure of the impact on this year’s spring market.
• Approximately 70 percent responded that the new mortgage rules would reduce the number of people who qualify for a mortgage.
• Real estate agents are split on the effect the mortgage rules could have on final sales price with approximately 39 percent who predict it will lead to a lower final sales price and 33 percent who do not think the new mortgage rules will lead to a lower sales price.
For more information, visit www.MRIShomes.com.