by Anthony | Apr 24, 2020 | Uncategorized
The recent Fannie Mae report projects that home sales may possibly fall by up to 15% in 2020. [That is the number of homes sold, not the price of homes.] The housing projection published by Fannie Mae indicates that total housing starts are expected to fall from 1.5...
by Anthony | Apr 23, 2020 | Uncategorized
Change. That is what we are preparing for in the coming months. One big change is JPMorgan Chase’s decision to suspend offering HELOC to new customers. Also, Fannie Mae is projecting a decrease in the number of homes sold in 2020, but they are expecting a...
by Anthony | Apr 22, 2020 | Uncategorized
On an annual comparative basis, March’s sales of existing homes increased by 0.8%, which considering the impact of the COVID pandemic, is positive. March’s seasonally adjusted annual rate increased from 5.23 million to 5.27...
by Anthony | Apr 21, 2020 | Uncategorized
The average national rent rose to $1,468 in February, representing a 3.2% increase from the same time last year. Areas that have seen the highest increases in rent also reflect movements concomitant with the average price of a home sale. As expected, Seattle’s...
by Anthony | Apr 20, 2020 | Uncategorized
Initially, JPMorgan Chase announced that they were increasing their lending standards for home mortgage borrowers. The new threshold would require at least a 20% down payment and a FICO score of minimum 700. This might appear to be severe but the average FICO score in...
