With the housing market still running hot and mortgage rates expected to increase in the months ahead, Forbes takes a deep dive with housing experts and economists to see what that means for the fourth quarter.
While consumer demand remains high for homebuying, which looks promising to builders, Fannie Mae warns of “growing affordability challenges stemming from rising material prices and shortages.”
The company released its findings on October 29, providing updates on financial results and conditions, credit performance and more for the previous quarter.
Insights and advice from Forbes for first-time landlords learning to navigate a dizzying array of challenges in a real estate environment that has been radically transformed by the pandemic.
“It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months. The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater, Freddie Mac’s Chief Economist.
Learn more about energy-efficient financing options, including Fannie Mae’s “HomeStyle Energy Mortgage” and Freddie Mac’s “GreenChoice Mortgage.”
Industry News: Fannie Mae Introduces New Underwriting Innovation to Help More Renters Become Homeowners
Fannie Mae’s new Desktop Underwriter feature launches in September 2021, giving renters who may have limited credit history, but a solid rent payment track record more opportunity to become homebuyers.
The Wall Street Journal takes a look at how these glass outbuildings offer a functional yet beautiful space for gardeners and plant aficionados, especially during the pandemic.
Vacation home sales have been surging during the pandemic, according to NAR’s recently released 2021 Vacation Home Counties Report.
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. But these near-record lows also have an upside.
Nearly one-third of millennial homebuyers are using extra savings from the pandemic for their down payment, according to a recent survey by Redfin.
A whopping 70% of homeowners said they would be comfortable moving to a new home as a result of widespread vaccine distribution, according to a recent Zillow survey.