FHA, Fannie Mae, Freddie Mac Raise Loan Limits

04/06/1993Business, Industry News, News, Newsletters

  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

iBuyers Gain Market Share in Some Cities

04/06/1993Business, Industry News, News, Newsletters

  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.

Real Estate Trends To Watch For In 2020

04/06/1993Business, Industry News, News, Newsletters

  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

Where Out-of-State Home Shoppers Are Moving To

04/06/1993Newsletters

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.