by PMR Roseville Elite | Dec 16, 2020 | Blog
A new projection into the housing market reveals that the historically low mortgage interest rates will persist into 2021 and beyond, but with a couple twists. The three-year housing and mortgage outlook by CoreLogic also predicts that homes will continue to sell at a...
by PMR Roseville Elite | Dec 16, 2020 | Blog
An FHA loan just became more powerful. The Federal Housing Administration recently announced an increase to the maximum loan limits that will go into effect in 2021. Recent gains to annual home prices triggered an increase to the new FHA limits, which have a ceiling...
by PMR Roseville Elite | Oct 15, 2020 | Blog
After a jittery start to the real estate market at the beginning of the pandemic, new trends are emerging. Sellers have the upper hand in negotiations as home sales and housing demand continue to rise. Fannie Mae reports that for the second consecutive month, the home...
by PMR Roseville Elite | Oct 15, 2020 | Blog
Sales of new homes are picking up pace. In August, the number of new homes sold reached 1.01 million, a nearly 5% gain from July. Data from the U.S. Census Bureau and the Department of Housing and Urban Development show that for the first time since November 2006, the...
by PMR Roseville Elite | Jun 16, 2020 | Blog
Buying a home will perhaps be the largest investment a family makes in a lifetime. It represents a large sum of money and therefore requires careful lender consideration – including an applicant’s income and work history. A stable two-year record of employment proves...