Higher borrowing costs across the world took a toll on annual foreign investment in U.S. existing homes last year. Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, down 9.6% from the previous…
The new policy will be a 'disaster' at a time when the real estate market slowed due to high interest rates, according to 27 state governments A coalition of fiscal officers from 27 state governments called on the Biden administration…
Fannie Mae and Freddie Mac will buy mortgages over $1 million in some high-cost areas The Federal Housing Finance Agency (FHFA) on Tuesday announced that the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2023 will be $726,200, an increase of 12.21%,…
Refinancing your mortgage loan to one with a lower interest rate can be a good financial move. Depending on how much lower your new rate is, you can save hundreds of dollars with each monthly payment. Or maybe you want…
In a glimmer of good news for homeowners affected by Hurricane Ian, mortgage giants Fannie Mae, Freddie Mac and the Federal Housing Administration say they’ll allow borrowers to skip payments while they recover from the Category 4 storm. Ian made landfall in Southwest Florida last…
CoreLogic: Estimated Losses from Hurricane Ian Wind, Storm Surge are Between $28 Billion and $47 Billion in Costliest Florida Storm Since Hurricane Andrew Hurricane Ian will have an industry-changing impact on the future of real estate industry, infrastructure IRVINE, Calif.,…
After a cold COVID winter, this past summer really heated up. Consumers fully transitioned their spending from goods to services, and inflation really started heating up with fuel on the fire from oil price shocks. Fearing that inflation expectations would…
Did your offer get accepted? If so, congratulations! One of the first major items in the escrow process is the home inspection. Hopefully you took some time for yourself to have a quick celebration but with the escrow clock ticking…
In earlier posts we discussed finding the right lender and realtor. Now it is time to move on to the most exciting and sometimes nerve racking part of the home buying process. It is time to search for that home…
In our last post we talked about the pre-approval and how the two most important items that any potential home buyer needed to focus on first was their credit and their pre-approval. Assuming all looked good in those areas, the…
