Fall 2022 Shows Home Prices Dropping

Fall 2022 Shows Home Prices Dropping

When the Federal Reserve is making headlines, as it has been lately, questions can arise among potential homebuyers. The Fed’s moves affecting interest rates often spark fears that home-buying costs are rising beyond affordability. But it’s wise to...
Home Prices Are Dropping, Here’s What You Need to Know

Home Prices Are Dropping, Here’s What You Need to Know

After a white-hot run over the past few years, the housing market is showing signs of cooling; home prices are dropping in many areas. In a June 2022 assessment of regional housing markets, CoreLogic determined that 45 markets have more than a 50% probability of...
The Importance of Speed in a Competitive Real Estate Environment

The Importance of Speed in a Competitive Real Estate Environment

If you’re in the market for a new home this year, you’re probably aware of the need to act quickly once you’ve found “the one” or someone else will be there to make an offer. With homes selling faster than ever, lenders are having to work faster than ever to keep up...
How Inflation Affects Consumers’ View of the Housing Market

How Inflation Affects Consumers’ View of the Housing Market

As inflation continues to rise in the U.S., the effects are rippling through the housing market. Let’s look at how consumers in this market are reacting to rising prices. Some Buyers Are Speeding Up, Others Are Hitting the Brakes The Mortgage Bankers Association...
The 2021 Mortgage Industry: Themes & Highlights

The 2021 Mortgage Industry: Themes & Highlights

With 2021 in the rearview mirror, there are some notable insights to glean from the past 12 months when it comes to the mortgage industry. The lingering pandemic was still a factor and looks as if it will stick around in the first part of 2022 as well. Here are some...
Finance a Higher Value Property with FHFA’s Increased Loan Limits for 2022

Finance a Higher Value Property with FHFA’s Increased Loan Limits for 2022

Found your dream home, but worried the price might put you out of the range for a conventional loan? There is good news for borrowers who want a higher value property but don’t want the restrictions of financing with a jumbo loan. For 2022, the Federal Housing Finance...