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 […]
Economic Reports Breakdown Housing Health
Advisors Family
December 30, 2019
The Mortgage Bankers Association (MBA) released their mortgage application data for the week of December 16th. This data showed a slight slowing of mortgage applications by about 5.3% from the […]
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, […]
Demand for Home Ownership Continues
Advisors Family
December 16, 2019
The National Association of Realtors’ Pending Home Sales report was recently released showing that signed contracts on single-family homes, co-ops and condos were up by 4.4% from October 2018 to […]
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 […]
Homes are Selling as Prices Continue to Rise
Advisors Family
December 02, 2019
The Case-Shiller Home Price Index, which measures appreciation in single-family homes, increased by 0.1% for the month of September, bringing annual appreciation to 3.2%. The Federal Housing Finance Agency (FHFA) […]
US Housing Starts Hit Twelve Year High
30 Second Market Update
November 25, 2019
US housing starts, which represent permits for future home construction, jumped 3.8% in October to 1.314 million units, representing a twelve-year high. Single family homes jumped 2% to a rate […]
Sales of New Homes Expected to Reach 13 Year High in 2020
30 Second Market Update
November 18, 2019
According to the National Association of Realtors (NAR), new home sales are expected to rise 11% to 750,000 in 2020. This would be the highest reading since 2007. In addition, […]
Home Prices Continue to Thrive
Advisors Family
November 11, 2019
CoreLogic’s Home Price Index (HPI) continue to show that owner-occupied homes across the nation are increasing in value. In September, values increased 0.4%, which is an increase of 3.5% since […]
30 second update: Fed Cuts Interest Rates: How It Affects You!
Advisors Family
November 04, 2019
On October 30th, the Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% – 1.75%, which is down from 1.75% – […]
Consumer Demand Helps Create Equity
Advisors Family
October 28, 2019
According to the Federal Housing Finance Agency (FHFA), single family homes purchased with conforming mortgages across the nation increased in price by 0.2% for the month of August. They increased […]
30-Second Update: Homebuilder Confidence Surges to Highest Level in Two Years
Advisors Family
October 21, 2019
According to the National Association of Home Builders (NAHB) Housing Market Index, builder confidence on single family properties surged three points in October to 71. This jump marks the highest […]
