CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement. Continue reading
Home prices continued to break records in July, according to reports released by S&P Dow Jones and FHFA on Tuesday. Some economists said lower rates may fuel demand, pushing prices even higher. Continue reading
Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets. Continue reading
According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading
Although home price growth is slowing, S&P CoreLogic’s report also showed that first-time homebuyers are being impacted most by rising prices, since in the last five years, prices in the lower end of the market have risen more quickly than other t… Continue reading
The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday. Continue reading
Industry veteran Alex Perriello says that to fix the affordability problem in America, agents need to get involved, and smart tax incentives need to be offered. Continue reading
San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of Realtors began tracking home prices in 1979. Continue reading
Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn’t think mortgage rates would come down. Continue reading
For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading