The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.
Newsfeed: FHFA Announces Conforming Loan Limit Values for 2023 Read More »
Companies with deep resources are outsourcing management to apps and algorithms, putting home ownership further out of reach.
Newsfeed: Robot Landlords Are Buying Up Houses Read More »
After existing home sales tumbled, new home sales were expected to follow suit amid soaring borrowing costs and ever-higher prices (despite building inventories and incentives by homebuilders). They didn’t…
Newsfeed: New Home Sales Unexpectedly Jump In October, Prices Surged To Record Highs Read More »
Homebuyer affordability worsened in October as higher mortgage rates pushed the monthly payment to record highs.
Newsfeed: Housing: Median mortgage payment reaches record high in October Read More »
In the most recent quarter, investor home-buying saw the largest drop since the 2008 financial crisis—30-percent year-over-year, according to Redfin.
Newsfeed: Investor Home-Buying Falls at Record Rate Read More »
After existing home sales tumbled, new home sales were expected to follow suit amid soaring borrowing costs and ever-higher prices (despite building inventories and incentives by homebuilders). They didn’t…
Newsfeed: Why Is The U.S. Losing Oil Refining Capacity? Read More »
Home flippers who pounced on recent drops in home prices now face some major hurdles — and potentially major losses.
Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors. That is the slowest pace since December 2011, with the exception of a very brief drop at the beginning of the Covid-19 pandemic.
As mortgage rates have risen this year, the buyer demand for homes has fallen. That has spelled trouble for the home construction business. Homebuilder confidence dropped for the tenth straight month in October. The decline in builder sentiment reflects what economist Ian Shepherdson describes as “housing … in free fall.
Newsfeed: The Housing Boom Is Already Over. The Housing Shortage Will Continue. Read More »
As mentioned in a previous post, when I have looked at previous right to left, and left to right political swings, they seem to happen globally, and they seem to happen roughly at the same time. A global shift left happened in the 1930s, and kept shifting until 1970s, when it began to shift back to the right. We are now well into a shift back to the left, that began in 2016. As also highlighted, modern democracies are filled with checks and balances to slow political shifts, but they still happen.
Newsfeed: Are Rent Controls Coming? Read More »