Fannie Mae and Freddie Mac will accept loans up to $548,250 next year – an increase from $510,400 in 2020. According to the seasonally adjusted FHFA Home Price Index, third-quarter housing prices rose 7.42% year-to-year, so loan limits will do the same.
While Americans’ view of present conditions changed little, a slowing economy and growing pandemic fears seem to be giving them a bit less hope for early 2021.
The pandemic forced a lot of people to appreciate the benefits of a good neighborhood, and more are penciling that in as a shopping list must-have.
If a lender doesn’t require flood insurance, many homeowners assume they don’t need it. But in S. Fla., Tropical Storm Eta’s visit shows it’s still worth consideration.
NAR speakers said that NAR’s bilateral agreements give Realtors a gateway into global business and a symbol of trust. Under the agreements, member organizations agree to abide by NAR’s Code of Ethics, which gives each group a deeper level of confidence.
A member of an HOA’s Architectural Review Committee says some legit requests for home expansions “would look very different.” Is that reason enough to deny them?
As it currently stands, the CDC’s eviction moratorium ends on Dec. 31, 2020. The order, which may or may not be extended, is limited in scope.
According to Leigh Brown, most agents aren’t asking one game-changer question: “Hey, friend, what are the three things you’re looking for in the agent you hire?”
The number of people who locked-in mortgage rates for second homes – in spite of a pandemic-caused economic dip – suggests a K-shaped recovery.
The Dept. of Justice-NAR agreement isn’t finalized, but NAR says it will institute changes, such as making info on buyers’ agents’ compensation publicly available in the MLS and creating a definitive rule that buyers’ agents can’t represent their services as free.