Nov 26, 2019

Fannie and Freddie Stepping Up Their Game

Today’s News Synopsis: Conforming loans limits over $500K for the first time.  New home sales were strong last month, having increased 0.7% to 733,000 units.  You better get ready, because it turns out the best time to buy a home is the winter. In The News: Forbes – “The Real Estate

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Nov 14, 2019

Just To Make Rent

Today’s News Synopsis: Younger renters and parents sacrifice more…Mortgage rates increased with 30-year rates now at 3.75% and 15-year rates at 3.2%.  New home sales increased by 5.6% in the third quarter according to Redfin. In The News: Freddie Mac – “Mortgage Rates Tick Up” (11-14-2019) “Freddie Mac (OTCQB: FMCC) today released the

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Oct 24, 2019

How Will They Impact Investors and Agents?

Today’s News Synopsis: 11 Upcoming Real Estate trends.  New home sales continued to remain steady in September, having decreased only 0.7% to 701,000 units.  Freddie Mac reported mortgage rates increased this past week with 30-year rates now at 3.75% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage

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Sep 25, 2019

iBuyer Beware!

Today’s News Synopsis: Bernie Sanders housing plan would not be good for iBuyers.  The NAHB reported new homes sales increased by 7.1% in August, a healthy gain.  Mortgage applications, meanwhile, decreased 10.1% from last week. In The News: NAHB – “New Home Sales Post Solid Gains in August” (9-25-2019) “Sales of

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Jul 24, 2019

For Better Or For Worse

Today’s News Synopsis: When buying real estate, it might be best to expect the worst.  HUD and the Commerce Department reported new home sales bounced back in June by 7%, coming in at 646,000.  Mortgage applications decreased for the fourth week in a row, coming in at 1.9%. In The

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May 23, 2019

You Better Gear Up and Know Your Tools

Today’s News Synopsis: So you want to try a DIY project you saw on TV?  Mortgage rates were lower again, which actually lead to an increase in purchase demand. 30-year rates were at 4.06%, and 15-year rates were at 3.51%.  New home sales decreased in April by 6.9% to 673,000

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Apr 23, 2019

Califexit? Head to Florida, Texas or Nevada

Today’s News Synopsis: Looking to save money on taxes?  New home sales increased by 4.5% in March according to the Commerce Department.  Could you have a better chance of selling your home if you held an open house? In The News: Zillow – “Inventory Growth Fueled by Softening Demand, Not More

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Mar 14, 2019

The Stone Of the Brexit Exit May Be Skipping Across The Pond To America

Today’s News Synopsis: America could be feeling the effects of Britain’s exit from the European Union.  Home prices saw their smallest year-over-year gain in seven years, having increased only 0.6% in February.  Mortgage rates decreased to 4.31% for 30-year rates and 3.76% for 15-year rates, making homebuying less expensive too.

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Mar 05, 2019

It May Not Be The White House, But At Least I Can Afford A House

Today’s News Synopsis: The area where residents have the most remaining income even after purchasing a home is Washington, D.C.  Big week for homes.  New homes sales increased in December by 3.7% to 621,000 according to the Commerce Department.  Home prices increased 4.4% year-over-year in January according to CoreLogic. In

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Jan 15, 2019

Do You Know How It Works?

Today’s News Synopsis: Buying a foreclosed home?  2018 ended with new home sales decreasing drastically by 18-19% compared to December 2017.  Could we see an end to interest rate hikes this year? In The News: Zillow – “Silicon Valley Still Reigns Supreme for Hottest Housing Markets, but the South Will Heat

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