Loan Changes Effective April 1 Could Have Big Impact Fannie Mae recently announced that it is tightening the underwriting criteria for second homes and investment properties. The agency purchases these loans from lenders, and will now impose new restrictions. If you’ve been thinking about buying a second home or investment property, this big change means […]
ARTICLE TITLE: Do You Have A Carbon Monoxide Detector Installed in Your Home? Carbon monoxide is a colorless, odorless, tasteless gas produced by burning gas, wood, propane, charcoal or other fuel. You must have a CO detector if you have fuel-burning appliances in your home. And if you have such appliances on more than one […]
A Look At Today’s Real Estate Market Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this […]
There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, […]
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hard […]