
Home Buyers Finally Catch a Break
A combo of rising mortgage rates and sky-high prices is finally dampening demand in the red-hot housing market, showing signs of hope for home buyers.
A combo of rising mortgage rates and sky-high prices is finally dampening demand in the red-hot housing market, showing signs of hope for home buyers.
Earlier this month, the Federal Housing Finance Agency or FHA, announced that the maximum baseline conforming loan limits will rise in 2022.
During the pandemic, home buyers lamented a lack of inventory, which helped push prices to record highs. But all of a sudden, listings are piling up.
It likely comes as no surprise that we’ve been in the middle of historically high home values. Has the market peaked, or will the craze continue?
Weigh the advantages and risks of using an FHA 203k mortgage instead of a traditional FHA loan, including a few tricky details about using a 203k.
More than 25% of homes for sale on the market have seen their prices slashed. Is this the new normal – a more balanced and affordable housing market?