What will happen to US house prices in 2024?
Experts deliver their verdict. A panel of housing experts anticipates continued growth in home prices, though at a slower pace than in recent years, according to the latest Fannie Mae Home Price Expectations Survey (HPES). The panel has upgraded its Q1 2024 projection to a 3.8% rise in home price growth this year and 3.4%…
Read MorePROPERTY FLIPPING RULES
There have been a lot of questions around rules as it pertains to Property Flipping Rules. Property Flipping is when sellers buying a home and then flip it and sell it to your borrower. The rules are fairly easy with the exception of FHA. VA No flipping rules. Sellers can sell one day after buying it with no requirement…
Read MoreTAX RETURN REQUIREMENTS FOR MORTGAGES
TAX RETURN REQUIREMENTS FOR MORTGAGES Tax season opened up this year on January 29th for everyone to hope for a refund or fear that you owe. The deadline this year falls on Monday April 15th so just know you have an entire weekend prior to get yours done. October 15th is this year’s deadline for…
Read MoreUS home sales – what’s the latest?
National Association of Realtors reveals new figures for US home sales. Existing home sales saw an increase in January by 3.1%, according to the findings of the National Association of Realtors (NAR). The organization found that within the four major regions in the US, sales saw an acceleration within the Midwest, South, and West markets.…
Read MorePositive Rental Payment History
Positive Rental Payment History refers to the on-time payment by a Borrower of all rental payments in the previous 12 months. A rental payment is considered to be on time when it is paid within the month due. A First-Time Homebuyer refers to an individual who has not held an ownership interest in another property…
Read MoreA HOMESTEAD EXEMPTION CAN SAVE NEW HOMEOWNERS MONEY
A homestead exemption is a legal provision in the United States that protects a certain amount of a homeowner’s equity from creditors, property taxes, and in some cases, bankruptcy proceedings. It’s designed to provide homeowners with a measure of protection for their primary residence. The specifics of homestead exemptions vary by state, as each state…
Read MoreChoosing the Right Mortgage Broker in Jacksonville: A Homebuyer’s Guide
Finding the perfect home can be a stimulating journey, but the path to homeownership often involves navigating the intricate world of mortgages. In Jacksonville, where the real estate market is as vibrant as the city, choosing the right mortgage broker is crucial in securing your dream home. This guide is crafted to help you understand…
Read MoreLawmaker seeks to ban corporations from buying single-family homes
Bill could mark a first for the country A Nebraska lawmaker whose north Omaha district has struggled for years with a housing shortage is pushing a bill that, if passed, could make Nebraska the first in the country to forbid out-of-state hedge funds and other corporate entities from buying up single-family properties. Sen. Justin Wayne’s…
Read MoreUS housing starts plunge
US housing starts plunge. New construction ‘collapsed’ last month Construction of new homes in the US dropped in January as buyers continued to sit on the sidelines in anticipation of lower mortgage rates down the line. Government data released Friday showed residential starts slid by 14.8% last month, hitting an annualized rate of 1.3 million,…
Read MoreUSDA UPGRADE
A USDA mortgage, also known as a USDA Rural Development Loan, is a type of mortgage loan program offered by the United States Department of Agriculture (USDA). These loans are designed to help low- to moderate-income borrowers in rural areas purchase homes with favorable terms. USDA LOAN is the only product that does not like…
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