Sat.Feb 06, 2021 - Fri.Feb 12, 2021

Fannie Mae execs see path to exit conservatorship

Housing Wire

Fannie Mae, the largest mortgage financier in the U.S., said Friday that its net income in the fourth quarter of 2020 checked in at $4.6 billion – up 8% from the third quarter. The government-sponsored entity’s total net income for the full year was $11.8

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3 Reasons We’re Definitely Not in a Housing Bubble

Keeping Current Matters

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago.

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Canadian Unemployment Is 55% Higher Than G7 Average: OECD

Better Dwelling

Canada’s “economy” is recovering faster than expected, but employment is lagging. The Organization for Economic Co-operation and Development (OECD), a group promoting trade between 37 advanced economies, published the latest unemployment rates for member countries.

The Best Advice for Selling a Home

Point2Homes

Image: Andy Dean Photography / Shutterstock.com. Do you want to sell your home fast? Most people feel this way when they put their homes on the market.

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Fannie Mae reports rising confidence in housing market

Housing Wire

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7.

The Luxury Market Is Attracting Buyers in 2021

Keeping Current Matters

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features.

More Trending

Share of Home Buyers Getting Outbid Almost Doubles

Eye on Housing

An earlier post revealed that 69% of buyers who were actively engaged in the process of finding a home in the final quarter of 2020 have spent upwards of 3 months searching for a home without success.

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Inside United Wholesale Mortgage’s plan to topple Rocket

Housing Wire

Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call.

6 Foundational Benefits of Homeownership Today

Keeping Current Matters

Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8%

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Toronto Detached Homes Prices Increased $32,500 Just Last Month, While Condos Stall

Better Dwelling

Greater Toronto real estate entered another cheap credit fueled buying frenzy. Toronto Regional Real Estate Board (TRREB) data shows home prices made a sharp increase in January. The market frenzy wasn’t evenly distributed though, with the suburbs outperforming the city.

Moving in the Same Direction

RIS Media

Molly Butler. Broker/Owner. RE/MAX Leading Edge. Augustine, Florida. www.teamleadingedge.com . Region served: Northeast Florida. Years in real estate: 10. Number of offices: 2. Number of agents: 180. Talk about RE/MAX as a brand and how it may help add to your success. .

FHFA extends forbearance policies for up to 15 months

Housing Wire

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday.

Equity 283

47% of New Buyers Surprised by How Affordable Homes Are Today

Keeping Current Matters

Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans.

Low Mortgage Rates & Desire for Space Continue to Convert Prospective Buyers into Active Buyers

Eye on Housing

Of the 15% of American adults considering a future home purchase in the final quarter of 2020, 56% have moved beyond planning and are actively trying to find one to buy, up from the comparable 43% share a year earlier.

January TRREB Stats: Where There’s Smoke, There’s Fire

Toronto Realty Blog

TorontoRealtyBlog. On Monday night, a 1-bedroom condominium in Liberty Village, listed for sale at $599,900, solicited twenty-one offers and sold for $715,000. If you’re not impressed by the sale-to-list ratio, that’s fine.

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Zillow to buy ShowingTime for $500M

Housing Wire

Zillow entered a new corner of real estate Wednesday, announcing a definitive agreement to buy ShowingTime for $500 million. The splashy buy further situates Zillow as more than a website with pictures of homes for sale, but a competitor to real estate brokerages.

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Retirement Communities: Buying Into a 55 and Over Community

Maximum Exposure Real Estate

What is a 55 and Older Retirement Community? Are you looking for a retirement community? A retirement community is a neighborhood built for adults who are at least 55 years of age. However, the age limit is not always set in stone and can be as young as 50 and as old as 60 for […].

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NAR and the Past, Present and Future of Fair Housing

RIS Media

Every year, in February, we celebrate Black History Month and the transformative contributions Black Americans have made to this country. These achievements are even more remarkable in light of how centuries of racial oppression have hardwired racial bias into many facets of American life.

Self-employed mortgage borrower? Here are the rules

The Mortgage Report

Just about any lender can do self-employed mortgages. But there are additional requirements for self-employed borrowers. Here's what you should know. Buying a home Mortgage Strategy Fannie Mae Housing Mortgage mortgage rates Real Estate

It’s still really difficult to get a mortgage, but getting easier

Housing Wire

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6

Privacy issues and real estate listing photos (+ how to get yours removed)

The American Genius for Real Estate

(REAL ESTATE) Listing photos are the currency of real estate sales, but understanding the process can be complex. Here's what you need to know. The post Privacy issues and real estate listing photos (+ how to get yours removed) appeared first on The American Genius Real Estate.

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8 Must-Read Negotiation Books for Real Estate Agents

RIS Media

As a real estate agent, your income is determined by your ability to close the deal. Therefore, negotiation skills are essential. To successfully master the art of real estate negotiations, you’ll want to find the most creative and powerful strategies available.

President Biden could reduce FHA mortgage insurance premiums. Here’s what it means for you

The Mortgage Report

Many mortgage pros believe President Biden will cut FHA mortgage insurance premium (MIP) rates. Here's what that means for you. About Mortgages Buying a home FHA Home Buying FHA Refinance Homeownership Topics Mortgage News FHA mortgage insurance premium cut will FHA cut MIPs

The last stand for forbearance housing market crash bros?

Housing Wire

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk.

Am I Ready to Buy a House? 9 Questions to Help You Decide

Redfin

So lately you’ve found yourself asking, “am I ready to buy a house?” Homeownership is a major milestone that many people dream of reaching one day. However, there are a variety of factors to consider when making one of the biggest financial decisions of your life. .

Zillow Group to Acquire ShowingTime for $500 Million

RIS Media

Zillow Group has announced that it has entered into a definitive agreement to acquire ShowingTime.com, Inc., the online scheduling platform for home showings, for $500 million.

Is now a good time to buy a house? What home buyers in 2021 should know

The Mortgage Report

Is now a good time to buy a house? Low rates will help some first-time buyers, but COVID will hinder others. Here's what you should know. Buying a home Real Estate News

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Freddie Mac appoints new team to address housing equity

Housing Wire

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Pamela Perry.

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Mortgage Activity Remains Higher Year-over-Year

Eye on Housing

For the four-week period ending on February 5, 2021, the Mortgage Bankers Association’s (MBA) latest Weekly Application Surveys showed sustained elevated activity, unseen through most of 2020, except at the outset of the COVID-19 pandemic.

NAR: Home Prices Increased Across All Metros in Q4 2020

RIS Media

The National Association of REALTORS® (NAR) recently released its latest quarterly report, which found that 88% of the metros followed (161 areas) saw double-digit increases year-over-year. This is down from the third quarter, when only 115 metros saw this type of growth.