National Real Estate News

Aug. 19, 2019

Housing Markets Aren’t Usually Hurt During a Recession

Excluding the Great Recession, a study of 1,039 state-level recessions since 1997 found that home values appreciated at the same rate they did in other times.

NEW YORK – Other than the housing-led Great Recession of the late 2000s, home values have typically continued to grow through national and ...

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Aug. 15, 2019

New Rule Will Approve More FHA Loans for Condos

WASHINGTON – On Oct. 15, the Fla. condo market could open up for first-time buyers after Oct. 15, 2019, after the Federal Housing Administration (FHA) issued new mortgage rules that will qualify more condo complexes and units for FHA loans.

The new FHA condominium approval regulation – and a new  ...

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Aug. 15, 2019

HUD to Announce Long-Awaited FHA Condo Rules

The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options.
 

Specifically, the new rules will ...

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Aug. 14, 2019

What Does ‘Give It a Fresh Coat of Paint’ Really Mean?

“Paint before listing” sounds like a simple instruction – but it’s not. Color is important, and not all walls need painted if sellers are on a tight budget.

NEWARK, N.J. – Carole Goeas hoped her Alexandria, Virginia, condo would command a high price when she put it on the ...

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Aug. 12, 2019

Survey: Americans Never Felt Better About Buying a House

WASHINGTON – Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) shows that sentiment climbed 2.2 points in July to 93, which is a 7.2-point gain from last year and a new survey high.

Doug Duncan, Fannie Mae’s senior vice president and chief economist, attributed the increase in the ...

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Aug. 7, 2019

Real Estate Is Americans’ Preferred Long-Term Investment

When asked about the best investment for 10-plus years, 31% picked real estate with millennials the top pro-real estate generation. Only 20% preferred stocks.

NEW YORK – When it comes to how Americans prefer to invest long-term, real estate is still the most favored investment option – 31% said it’s ...

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Aug. 7, 2019

1/3 of Buyers Could Save $2K by Mortgage Shopping

Study: In 2018, 34% of first-time buyers went with the first lender they contacted; 41% of repeat buyers did the same. But shopping around could save them money.

WASHINGTON – According to a study by Fannie Mae, 34% of first-time homebuyers in 2018 did not shop around before choosing a ...

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Aug. 2, 2019

Federal Reserve Cuts Interest Rates: Will It Help Buyers?

The small cut isn’t expected to have a big impact on real estate, but it could trigger a slight rate decrease in adjustable rate loans and maybe fixed-rate loans.

The Federal Reserve on Wednesday cut interest rates for the first time since the Great Recession took hold in 2008, though ...

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July 31, 2019

NAR: Pending Home Sales Climb 2.8% in June

It’s the second consecutive month with the number of listings under contract increasing and the first pending-sale year-over-year increase after 17 months of declines.

WASHINGTON – Pending home sales continued to rise in June, marking two consecutive months of growth, according to the National Association of Realtors® (NAR). Each of ...

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July 30, 2019

High-Debt Home Borrowers May No Longer Qualify in 2021

The “Qualified Mortgage Patch” helps Fannie- and Freddie-backed lenders qualify people with higher debt-to-income ratios, but it expires, at least for now, in Jan. 2021.

WASHINGTON – The Consumer Financial Protection Bureau (CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR) relating to its QM Rule, commonly called the qualified ...

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