White Grey and Red Wooden House

Could impeachment proceedings have an impact on U.S. real estate market?

Political turmoil is often associated with economic uncertainty, with markets bracing for any potential downturn resulting from an impending change in Washington, D.C. Can this have an impact on U.S. real estate market? In what has been an excellent year for the housing market across the country, hearings over the possibility of impeachment proceedings against […]

Could Boomers halt dwindling U.S. home inventory in 2020 and beyond?

The U.S. housing market in 2019 has largely been driven by two trends: low mortgage rates encouraging new buyers and limited inventory increasing competition, and thus prices. As the year comes to an end, real estate experts are beginning to forecast how the market will take shape in 2020. A new analysis from Redfin sees […]

Housing inventory dropped 21.5% in Philly in a year

From a housing perspective, the biggest story of 2019 has been the market’s reaction to sustained low interest rates in the U.S. While we’ve seen a boom in refinancing across the country, there has also been an uptick in sales during the second half of this year. New data from a RE/MAX National Housing Report […]

Unconventional mortgages are returning, but is it a problem?

During the 2008 economic recession and afterwards, “subprime” became a buzzword in general discussions about what led to the housing market crash. That was for good reason. In 2004-2006, the years leading up to the crash saw as many as 20% percent of mortgages national were subprime. Most of them were adjustable rate mortgages from […]

Pending home sales climb to highest level since 2017

Pending home sales climb to highest level since 2017

The wave of low interest rates in the United States has lifted the U.S. housing market up to a point it hasn’t reached in two years. Pending sales of existing homes, a figure tracked by an index, increased by more than double the expectation of analysts from August to September, according to the National Association […]

Little Rock, Arkansas

Secondary markets could be ideal for real estate investing

With the cost of real estate soaring in major markets like New York and Los Angeles, more and more investors are beginning to search for value in smaller markets that are on the rise. The growing appeal of these markets, many of them in the southeastern United States, reflects patterns of migration seen in the […]

New Home Mortgage

Low mortgage rates continue to deplete affordable home supply

Sustained low mortgage rates since March of 2019 are now ravishing the supply of starter homes across the United States. In a familiar pattern, the availability of cheaper mortgages encourages would-be home buyers to make the leap to ownership. There is a run on starter properties that cuts heavily into the supply, despite ongoing demand […]

Fannie Mae Facility

Fannie Mae, Freddie Mac now permitted to keep $45 billion in profits

The nation’s two biggest mortgage lenders, Fannie Mae and Freddie Mac, will now be able to retain a larger share of their profits as the United States looks to transition them into private control.  The Treasury Department and Federal Housing Finance Agency announced Monday that a new letter of agreement aims to boost the capital […]