Most Recent Articles About Real Estate Tools
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Real Estate Trends: Are We Headed For Another Housing Market Crash?
Source: Forbes --- Key takeaways Many industry leaders, including Goldman Sachs, have altered their predictions for the housing market since early Fall 2022. While mortgage rates have dropped over the past several weeks, they’re not likely low enough to impact...
FHFA Announces Increase Conforming Loan Limit to $726,200
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – 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...
Additional Reading: Realtor Tools & Insights
TO BEST SERVE CONSUMERS, REALTORS® MUST HAVE THEIR OWN FINANCIAL HOUSE IN ORDER
Source: RisMedia --- A quick look at the U.S. housing market earlier this winter indicated some cooling from the early days of the pandemic. In February, the National Association of REALTORS® (NAR) reported that existing home sales were down 7.2%. This came on the...
Housing Market Update: More Sellers Drop Their Prices, But Buyers Find Little Relief
Source: Redfin --- The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, up from 9% a year earlier. The 5.9% increase is the largest annual gain on record in Redfin’s weekly housing data back...
How to take advantage of rising interest rates
Source: CNN --- In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by half a percentage point -- the first hike of that magnitude in 22 years. While the US economy is still operating in a fairly low rate...
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