The U.S. Census Bureau recently released its homeownership data for the second quarter of 2020. As of Q2, the homeownership rate is up to 67.9%. This is the fourth quarterly increase in a row and the highest homeownership rate since 2008 before the last housing crisis. The rate is up Continue Reading →
An interesting thing has been happening in the real estate market amidst the COVID-19 pandemic. Home prices are actually continuing to go up while most other economic indicators have been dropping fast. What makes this recession different than what we experienced in 2008? When the economy collapsed in 2008, the Continue Reading →
Coronavirus has impacted all financial markets, including the mortgage industry. However, some experts are seeing some positive trends in relation to the real estate market as we eventually look to come out of this major economic downturn. More specifically, they are looking at how home prices will react during this Continue Reading →
As we get closer to the new year, one thing we always want to take a look at is conforming loan limits. Every year since 2016, the Federal Housing Finance Agency (FHFA) has raised the maximum conforming loan limits on Fannie Mae and Freddie Mac backed mortgage loans. Record Highs Continue Reading →
After very weak numbers in September 2019, the number of construction permits and housing starts rose dramatically in October. This is a great sign in the field of new home construction. This is according to data recently released by the U.S. Census Bureau and the Department of Housing and Urban Continue Reading →
