Finance

Have you been looking at homes, but are concerned with affording a home priced at $400,000 or more? Just because home prices are elevated doesn’t mean you can’t achieve your goal of home ownership. Believe it or not, but the median home price in the U.S. in Q1 2023 was $429,000. That means that most folks […]

  WASHINGTON (March 16, 2023) – The National Association of Realtors® hosted a policy forum Thursday entitled The Current Housing Market: Implications for Home Buyers and the Economy at the Capital Hilton in Washington, D.C. The opening session, Promoting Homeownership, Affordable Rentals, and Investor Involvement All at Once, featured a keynote fireside chat with the Director of […]

Borrowing costs may see temporary increases in the coming weeks but are expected to stabilize. Mortgage rates jumped this week, driven up by a record number of jobs and higher-than-expected inflation, says Nadia Evangelou, senior economist and director of real estate research for the National Association of REALTORS®. The 30-year fixed-rate mortgage averaged 6.32%, up […]

Andril Yalanskyl, Getty Images   Loans for single units range from $472,030, the floor, to $1,089,300, the ceiling. For four units, it’s $907,000 to over $2M – and in some non-Fla. areas, over $3M. WASHINGTON – The Federal Housing Administration (FHA) announced new loan limits for calendar year 2023 for its Single Family Title II forward and Home […]