Housing Demand Continues to Drive Pricing
30 Second Market Update
January 11, 2021
CoreLogic released their Home Price Index last week, and it showed that home prices across the nation increased in price by 1.1% in the month of November. Over the last […]
Covid and It’s Impact on The Industry
30 Second Market Update
May 11, 2020
COVID-19 has obviously had a major impact on businesses and industries all over the world. This impact will also shape how these very same businesses and industries evolve and adapt […]
Zillow Reports Large Online Spike in Viewer Traffic
30 Second Market Update
April 27, 2020
Due to Covid-19, there are obvious challenges to both people looking to sell and buy homes. In normal times, sellers would be looking to take advantage of the typically robust […]
Conventional Loans with ONLY 3% Down
30 Second Market Update
April 13, 2020
As an alternative to Federal Housing Authority’s (FHA) 3.5% down payment minimum requirement program, Fannie Mae and Freddie Mac have their own low, down payment loan products requiring only a […]
Fannie Mae/Freddie Mac/HUD/VA Provide Alternatives to Traditional Appraisals
30 Second Market Update
March 30, 2020
Due to the outbreak of the coronavirus, the Federal Housing Finance Agency (FHFA) instructed both Fannie Mae and Freddie Mac to create alternative solutions for home appraisals. The U.S. Department […]
The Spring Market is Here!
30 Second Market Update
March 02, 2020
New home sales, which consist of newly-constructed homes, surged 7.9% on a monthly basis in January. The seasonally-adjusted annual rate of 764,000 units marked the highest level since July of […]
Purchasing a Home Despite Student Loan Debt
30 Second Market Update
February 17, 2020
Recently, student loan debt has been a major hurdle for prospective homeowners. Today, more than two-thirds of college graduates have student debt, compared with less than 50% in the early […]
Mortgage Applications Off to Strong Start in 2020
30 Second Market Update
February 03, 2020
According to the Mortgage Bankers Association’s (MBA) Weekly Index, mortgage applications increased 7.2% for the week ending January 24th, compared to the previous week. This continues the strong start for […]
Homebuyer Demand Hits Highest Level Since 2009!
30 Second Market Update
January 20, 2020
The mortgage industry is officially off to a record start in 2020. According the Mortgage Bankers Association’s seasonally-adjusted index, mortgage application volume surged 30.2% last week from the previous week. […]
Increased Loan Limits in Effect
30 Second Market Update
January 06, 2020
As of January 1, 2020, the new and increased loan limits for Fannie Mae, Freddie Mac, and FHA are now in place. Fannie Mae and Freddie Mac loan limits are […]
Fannie Mae Boosts 2020 Housing Forecast
30 Second Market Update
December 23, 2019
The research team at Fannie Mae have revised their 2020 housing forecasts to much higher levels. This past year, growth in single-family housing starts grew just over 1% annually. Now, […]
U.S. Unemployment Rate Hits 50-Year Low
30 Second Market Update
December 09, 2019
According to the recently released November Jobs Report, the unemployment rate ticked down to 3.5% from 3.6%, matching the lowest jobless rate in 50 years. In November, 266,000 new jobs […]
