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
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
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
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.
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
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