Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.
Tagged: Fannie Mae
The FHFA has helped 6,299,035 homeowners avoid foreclosure since 2008.
July's 5% annual price gain down from June’s 5.5%.
Impact of Fed rate cut on mortgage rates not yet tangible
With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase
Redfin reported sales of existing homes fell 3.1% year over year in August; Fannie Mae's September 2024 commentary anticipates the annual pace to be the slowest since 1995
Starting today, brokers working with Rocket Pro TPO can loan up to $802,650, up from 2024's $766,550.
Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.
Fannie Mae forecasting 4.7% growth in prices for 2024, down from 6% in 2023
Led by a drop in refinance activity from record-highs, applications decrease