Remove 2008 Remove Home Value Remove Housing Market Remove Mortgage
article thumbnail

FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200.

article thumbnail

FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% compared to the current limit of $726,200 , the Federal Housing Finance Agency (FHFA) announced Tuesday. Conforming loan limits are increasing at a slower pace, mirroring home prices, overall.

Finance 531
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. With mortgage rates at 6.7% With mortgage rates at 6.7%

Inventory 523
article thumbnail

A housing boom doesn’t portend a bust

Housing Wire

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The combination of these factors has some feeling 2008 déjà vu. Yet, today’s housing market is nothing like the housing bubble of the mid-2000s.

article thumbnail

‘Big Short’ investor warns of growing threat to home values

Inman

An investor who correctly predicted the 2008 financial crisis sees another overlooked threat on the […] In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

article thumbnail

Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

However, data from CoreLogic shows that the number of homes built in the Very High Fire Hazard Severity Zone (FHSZ) has declined from 5.5% over the past 15 years, but building in Moderate FHSZ has nearly doubled since 2008, and while the fire risk in this zone is less severe, it is still present.

Insurance 334
article thumbnail

New home sales fell again in February

Housing Wire

Year-over-year, new home sales were down 6.2% Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. in February. months supply. after a 10.4%