On November 7, the Federal Open Market Committee is expected to again lower interest rates after an initial cut on September 18. Markets currently expect a 0.25% reduction in interest rates to 4.5% to 4.75%. However, a larger 0.5% reduction is possible depending on reported economic data over the coming weeks. Meeting Timing The FOMC…

Early access to higher conventional loan limits now available! We have moved ahead of the Federal Housing Finance Agency (FHFA) by increasing conventional loan limits before the FHFA’s official announcement expected in November. This enables homebuyers to access up to $802,650 for conventional loans, an increase from the current $766,550 limit. This offering allows borrowers…

State officials aim to provide relief for condo owners before the December 31 inspection deadline.Condo associations must submit Milestone Inspection reports to assess structural integrity and reserve funding needs.

Real house prices decreased 3.4% on a month-over-month basis between July and August 2024. National affordability improved in August on an annual basis, marking the first positive year-over-year change since 2021. That’s according to First American’s latest Real House Price Index (RHPI) data for August, released today. Two factors drove the 4.4% annual increase in affordability — a…

Understanding Construction Perm Loans: A Comprehensive Guide Embarking on a construction project can be both exciting and daunting. One of the most critical aspects to consider is financing your construction. Among the various financing options available, a construction perm loan might be the most suitable for many. This post will explore what a construction perm…

The first week of October 2024 offers homebuyers potential savings of over $14K on median-priced homes. This week may see up to 37% more for-sale inventory compared to the start of 2024.

Election uncertainty causes financial anxiety, influencing 60% of homebuyers’ decisions to wait or buy now.Housing markets typically slow down during election years as buyers and sellers hesitate, awaiting results.

Florida homes are increasingly targeted by criminals who fraudulently alter property titles. Criminals often commit title fraud without homeowners’ knowledge, stealing millions from victims.