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Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
PNC Announces $208 Million Affordable Housing Fund
The fund includes investments from PNC and seven other financial services and insurance companies Continue Reading PNC Announces $208 Million Affordable Housing Fund
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Wyoming Governor Signs 25% Property Tax Exemption into Law
The new law takes effect immediately and does not have a sunset date. Continue Reading Wyoming Governor Signs 25% Property Tax Exemption into Law
Richmond American Homes to Open Arden at Bedford in Corona, California
Pricing on the homes begins in the $900,000s. Continue Reading Richmond American Homes to Open Arden at Bedford in Corona, California
Joint Venture to Develop $400 Million, 670-Unit Residential Project in New Jersey
BNY led the financing of a $225 million senior secured construction loan in a three-bank deal. Continue Reading Joint Venture to Develop $400 Million, 670-Unit Residential Project in New Jersey
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
What is TRID in real estate?
Source: Bankrate --- Buying a home is a lot of things: exciting, daunting, anxiety-inducing. But there’s one thing it’s usually not: easy. That’s particularly true if you need to finance your purchase with a mortgage. Getting a handle on home-loan jargon can feel a...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
UWM Announces One-Time Close New Construction Loans
February 1, 2023 (Staff Writer) – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it will be offering One-Time Close New Construction loans, making the new build period as seamless as possible. Available today, this product provides LO’s...
Appraiser Qualifications Board Proposes New Fair Housing Education Requirements
Feb. 1, 2023 (Staff Writer) -- The Appraiser Qualifications Board this week released a First Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria. If adopted, these proposed changes would make fair housing education courses a...
Outlook on the Real Estate Appraisal Market in the United States to 2028
Feb. 1, 2023 (Staff Writer) -- The "The US Real Estate Appraisal Market: Analysis and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering. The US real estate appraisal market was valued at US$8.89 billion...
Quick Tips On Choosing Your Next New Hometown
If you’re planning to say goodbye to the big city in lieu of small-town life, congratulations. There are plenty of perks to living in an area with less than 50,000 people. Not only are you likely to have a lower cost of living, you might even find that the friends you...
Fannie Mae chief economist sees house prices falling in 2023 and 2024 — here are the warning signs that prices will drop in your city
Source: MorningStar --- Doug Duncan of Fannie Mae predicts how housing market perform in 2023, and reveals why he believes prices will fall this year The real-estate sector is in a quandary. The housing market was a wild rollercoaster ride that ended with a big fat...
2023’s top housing markets for first-time home buyers
Source: The Mortgage Reports --- What are first-time home buyers looking for? The last few years put first-time home buyers on a difficult road to homeownership. Between unprecedented price growth, fervid competition and tight for-sale inventory, it’s been tough...
