Fannie’s Short-Term Mortgage and Sales Forecasts Dim Fannie Mae’s latest report forecasts only modest improvements for the housing market in 2025, with existing home sales expected to grow by just 4% from 2024’s near three-decade low. The revised outlook is lower than previous predictions, citing sustained high mortgage rates, which are expected to remain above…

Fannie’s Short-Term Mortgage and Sales Forecasts Dim Fannie Mae’s latest report forecasts only modest improvements for the housing market in 2025, with existing home sales expected to grow by just 4% from 2024’s near three-decade low. The revised outlook is lower than previous predictions, citing sustained high mortgage rates, which are expected to remain above…

Housing Shortage Drives Equity Surge According to a TD Bank survey, many homeowners are leveraging home equity to address financial challenges amid low housing inventory and rising debt. With many choosing to stay in their homes instead of selling, 60% cited low inventory and historically low mortgage rates as reasons for holding on to their…

NAR’s Chief Economist: Is the Worst Over? According to NAR’s chief economist Lawrence Yun, the housing market may be on the path to recovery, which predicts improving inventory, stable mortgage rates, and continued job growth after a tough 2023 and 2024. He anticipates a 10% increase in existing home sales by 2025 and 2026, with…

Pending Home Sales Jump Unexpectedly, Despite Rising Rates Pending home sales in September jumped 7.4% from August, surprising analysts who had expected only a slight 1% increase. This uptick brought sales to their highest level since March, reflecting a 2.6% year-over-year gain. Based on signed contracts, the rise in pending sales indicates strong buyer demand…

Pending Home Sales Remain Flat, and That’s Positive In September, the number of pending home sales remained flat compared to a year ago, marking the first time since January that sales did not decline, according to a report from Redfin. This stability suggests the housing market may be turning a corner, with pending sales increasing…

Investing in real estate can be an exciting way to build wealth, but it’s important to start with a solid strategy. Here are a few beginner-friendly approaches to consider when diving into real estate. 1. House Hacking House hacking is an excellent strategy for beginners who want to live in their investment. The idea is…