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Home loan caps could go away for veterans

Mar 01, 2016
The House recently passed a bill that would eliminate loan caps for VA loans, and it now waits for action from the Senate. Right now, VA loans are capped based on market area, making it hard for veterans to buy a home that costs more than $417,000. The National Association of REALTORS (NAR) played a role in getting the House to pass the bill, called the “Veterans Employment, Education and Healthcare Improvement Act.”
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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.