Developer to sell rentals in Allston as condos - 2005-01-03
Another developer intends to capitalize on a hot condo market by selling off its rental apartments to home buyers.

Low mortgage rates have made purchasing condos more affordable, fueling conversions of rental apartment buildings into condos. According to Freddie Mac, a large purchaser of mortgages, the average for a 30-year fixed-rate mortgage was 5.81 percent last week.
Read the full story at Boston Globe

FHA increases mortgage limit for home buyers - 2005-01-03
The U.S. Federal Housing Administration increased by 7.8 percent the limit on the size of home mortgages it insures, a support for the entry-level segment of the real estate market.

The agency, known as FHA, will insure single-family home mortgages of up to $172,632 in low-cost areas of the country such as Texas and as much as $312,895 in areas like California, where real estate prices have climbed.
Read the full story at Rocky Mountain News