Housing juggernaut, Fannie Mae says that unlike the past two years that were mostly a seller’s market, 2019 is looking to be a more balanced market. The housing market should…
Category: Housing Market
9 out 10 Millennial Renters Want to Purchase a Home
While the millennial home-ownership rate still significantly lags that of previous generations at a similar age, a new study by Aparment List showed that almost 90% would prefer to own…
Conventional Loan Amount Limits will Increase in 2019
The maximum conforming loan limit for mortgages being acquired by Fannie Mae and Freddie Mac will be going up in most parts of the country in 2019, the Federal Housing…
No Appraisal, No Problem
Fewer loans that use real estate as collateral will need an appraisal under a new proposal. The Office of the Comptroller of the Currency, the Board of Governors of the…
More and More Luxury Homes Utilizing Auctions
Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multi-million-dollar homes being sold at auction has nearly doubled in the past year, according…
Home Mortgage Delinquencies Remain Very Low
The newly released National Delinquency Survey by the Mortgage Bankers Association’s (MBA) showed that that delinquent mortgage payments were down by 41 basis points compared to a year ago. The delinquency rate…