The Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are backing larger mortgages now that the 2020 loan limits have gone into effect. The higher loan limits went into effect on January 1, 2020. The Federal Housing Finance Agency (FHFA) made the announcement in November 2019 that it would begin allowing mortgage borrowers … Read More
Researchers at First American Financial Services looked at how the U.S. housing market has fared historically during recessions. Based on past data, the next recession is unlikely to trigger a major housing downturn. Read the full story here.
iBuyers are increasing their market share in some U.S. markets, finds a new Redfin analysis. iBuyers purchased 3.1 percent of homes in 18 markets during the third quarter of 2019. This figure marked a 1.6 percent increase in the market share for iBuyers since a year earlier. Read the full story here.
Baby Boomers, the second largest generation behind the millennials, have already started aging into retirement. In the coming years, a flood of homes that are currently owner-occupied are expected to hit the market. The phenomenon, coined the Silver Tsunami, could help ease the inventory drought that has plagued the U.S. housing market in recent … Read More
A new forecast from Realtor.com predicts an uncertain year for U.S. housing markets as changing economic and political conditions impact the country. The U.S. housing market will continue to slow in 2020 as housing inventory declines to historic lows and economic uncertainty causes consumers to reduce their spending even further, according to the Realtor.com … Read More
Trends are changing for out-of-town shoppers, according to a new realtor.com report. Out-of-state home buyers are now looking for homes in areas that can provide warm weather, affordable home prices, and numerous job opportunities. Read the full story here.
Mortgage rates have declined significantly over the past three years, which should be a positive signal for housing markets. However, the opposite effect is beginning to occur.
This year may prove to be one of the most challenging for some first-time homebuyers. In addition to having fewer assets than current homeowners and a lack of home equity, first time homebuyers also face some unique market conditions.
The real estate industry has been very slow in adopting new standards to deal with the growing effects of climate change, according to a new study published by the Urban Land Institute, a nonprofit research institute and Heitman, a real estate investment firm.
A recently filed class-action lawsuit accuses major U.S. real estate firms of violating anti-trust laws.