Housing

FHA Insanity: Insured Manhattan Condos Only Need 3.5% Down Payments

08-15-2010 • Bloomberg.com

“It’s a government seal of approval,” said Gollinger, a director at the Developments Group of New York-based brokerage Prudential Douglas Elliman Real Estate. “We need as many sales tools as we can have these days, and it’s one more tool.”