We’ve been expecting another interest rate hike from the Federal Reserve and it just happened Wednesday, December 13. This was the third rate hike in 2017, but only the fifth since the 2008 financial crisis. All in all, the interest rates still remain historically low and the real estate market Continue Reading →
The housing market will always have its natural ebbs and flows, along with some cyclical trends. 2017 has seen home prices continue to rise while housing inventory remains very low. At the same time, relatively low interest rates still make it affordable for buyers though it is clearly a strong Continue Reading →
The National Association of Realtors just released its October 2017 pending home sale index report for the United States. A pending home sale is one that is in contract, but has not yet closed escrow. Economic experts measure this as a barometer for future home sales. The good news is Continue Reading →
It was just announced that the Federal Housing Finance Agency (FHFA) has increased the conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. The new baseline conforming loan limits will be in place to start 2018. The amount will go up from $424,100 to $453,100. And that Continue Reading →
HAVE YOU EXPERIENCED A DEROGATORY CREDIT EVENT, BUT ARE READY TO BUY A HOME AGAIN? HERE ARE THE GUIDELINES YOU NEED TO KNOW. If you are ready to buy a home again, but are concerned about your past credit issues, there are some things that you need to know about. Continue Reading →
