The long-awaited FHA loan amount news broke late last week.The FHA Loan Limits are set to lower as of January 1, 2014. The change is for all case numbers assigned during the 2014 calendar year. The high cost market maximum declines from $729,750 to $625,500.
- Home Values Projected to Keep RisingAs we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. […]
- Why Today’s Options Will Save Homeowners from ForeclosureMany housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually […]
- Americans Are Gaining Confidence in the EconomyThe September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on […]
- Home Values Projected to Keep Rising