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Real estate market in 2022 will ‘remain very strong,’ expert says
Source: Fox Business --- Compass Executive Vice President Mike Aubrey argued on Wednesday that 2022 will still experience a "really good real estate market," but acknowledged that the "frenzy of 2021" likely won't happen again. Aubrey stressed, however, that the...
FHFA Announces Targeted Increases for High Balance Loans and Second Home Loans
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced targeted increases to Fannie Mae and Freddie Mac's (the Enterprises) upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in certain...
Demand For Vacation Homes Up 77% From Pre-Pandemic in December
Source: Redfin --- Demand for vacation homes was up 77% from pre-pandemic levels in December. That’s slightly below the 80% increase in November and the record 92% gain in January, but up significantly from the 2021 low hit in August.
Biggest Portland real estate bidding wars of 2021: Homes that sold up to $605,000 over asking price
Source: The Oregonian/OregonLive--- Last year was a head spinner for home shoppers. The desire to take advantage of historic low mortgage interest rates and move to a larger place to work and staycation during the coronavirus pandemic was dashed for some...
Now vs. Then: Today’s Housing Market Looks Starkly Different From Before COVID-19
Source: Realtor.com --- Today’s highly competitive housing market looks quite different from how it did before COVID-19 struck. Over the past two years, as the pandemic raged, the number of homes for sale plunged by over 57%, leading prices to skyrocket 25% from...
Why Tampa will be 2022’s Hottest Market
Source: Zillow --- The housing market in 2022 is expected to remain hot overall, with many of the same trends that drove the market to new heights this year still firmly in place as we head into the New Year. But while all of the nation’s 50 largest markets are...
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