2021 Real Estate Market Snapshot This past year was filled with twists and turns that no one could have predicted. It wasn’t always easy, but now that we have entered into 2021, we can continue to shift our focus toward a brighter future. If the economic uncertainty of 2020 had you concerned, I’m here to bring some peace-of-mind for 2021 when it comes to the housing market. The information I’m sending this month provides a well-rounded snapshot of the real estate market today, while noting a few trends to watch as the year unfolds. I’m also including a short quiz... View Article
Evaluating Your Homeownership Goals The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021. Many people are working from home and that means they can live in a vacation retreat away from the hustle and bustle of the city. If you are a potential HOME BUYER: is this the year you work to improve your credit... View Article
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“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said.1 And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages. But, rather than a slowdown, we are continuing to experience a surprisingly robust real estate market across the country. And experts estimate that these conditions are likely to last well into the new year. Fannie Mae Senior VP and Chief Economist Doug Duncan predicts that existing... View Article
With rising house values across the United States, the Federal Housing Financing Agency recently announced plans to increase the conforming loan limits in 2021 for single unit home mortgages which are acquired by Fannie Mae & Freddie Mac. The raise from $510,400 to $548,250 applies to most of country. The loan limit is adjusted every year based on the average home prices. For people who want to have income and occupy a property, consider a multi-family home and occupy one of the units. There are increases here as well and the new conforming loan limits for duplexes, tri-plexes and four-plexes... View Article