After April 1, Fannie and Freddie will buy fewer second-home mortgages. That increases lenders’ risks and will likely translate into higher fees and/or interest rates. WASHINGTON – A rule change for the Federal Housing Finance Agency (FHFA) will likely make
New FHFA Rule May Raise Cost of Second-Home Mortgages
Collier County Home Sales May 2020 vs 2019
NAHB Study: New-Home Demand Could Save Economy
A new-home sale pumps even more money into the economy than a resale. NAHB says 1,000 new homes create 2,900 jobs and generate almost $111M in taxes and fees. WASHINGTON – A new study from the National Association of Home
Mortgage Credit Availability Decreased in March
The pandemic caused a number of lenders to tighten standards as they face the unknown, and jumbo loans – those retained by banks after closing – took the biggest hit. WASHINGTON – Mortgage credit availability decreased in March according to
Coronavirus Could Impact Real Estate
Mortgage interest rates dropped because of virus fears, and the Chinese buyers who propel the luxury market have at least temporarily pulled back. CHICAGO – The U.S. housing market is feeling the impact of the new coronavirus outbreak from China.
Monthly Minute: Inventory on the rise
1. How many homes went on the market in November? 21 (Up 5 from October) 2. How many homes sold last month? 9 Up 1 from October. Click here to see all the Homes that Sold in November 3. What
7 Bad Things Sellers Do
NEW YORK – Aug. 16, 2018 – It’s stressful to sell a home, and many owners try less-than-successful tactics to maximize their profit, including: Pricing it too high: This is one of the worst errors, say real estate agents. Listing