Confidence in Housing Slips as Year Winds Down

Confidence in housing slipped from an all-time high in October in the Fannie Mae Home Purchase Sentiment Index® (HPSI), thanks to less optimism from both homebuyers and sellers—a sentiment somewhat typical for this time of year. The HPSI overall posted 85.2 in October, 3.1 percentage points lower than the month prior. “The modest decrease in […]

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FHFA: Home Prices Rose in August

Home prices rose 0.7 percent month-over-month in August 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- or Freddie Mac-backed mortgages—was up 6.6 percent. Per the Index, month-over-month home price changes range from -0.1 percent in the New England […]

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Quicken Loans now offers one-step financial information validation

Homebuyers and refinancing homeowners using Quicken Loans will now be able to submit their financial information in one step, thanks to Fannie Mae’s Single Source Validation pilot program …

Industry professionals still top resource for mortgage shoppers

Mortgage shoppers are most influenced by real estate agents and lenders, more so than online sources, a new study by Fannie Mae finds. …

Boost From Buyers: Confidence in Housing Up

Confidence in housing again met an all-time high in September in the Fannie Mae Home Purchase Sentiment Index® (HPSI), propelled by optimism from buyers, including renters. The HPSI overall posted 88.3 in September, 0.3 percentage points higher than the month prior. “The biggest driver for the increase in the HPSI is the rebound in the […]

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Crowdfunding Your Way Into a Home

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Great Spaces: Living Luxe in Beautiful Bradenton Survey: Broker Operations and Technology Relaxation Awaits: 2018 Best Places to Retire Crowdfunding has appeared in the real estate industry in a variety of forms: house flip investing, mortgage payoff […]

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Economic Forecast Perks Up

Analysts are amending their economic forecast due to higher GDP expectations, even as Hurricanes Harvey and Irma weigh on growth, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for September 2017. The Outlook projects the economy will perk up 2.2 percent over the course of the year, […]

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Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Confidence in Housing Doubles Back Toward All-Time High

Confidence in housing doubled back in August toward the all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with home sellers’ optimism rebounding from July. The HPSI overall posted 88.0 in August, 1.2 percentage points higher than the month prior and moving toward the Index’s record high, reached for the second time in […]

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