Big down payments follow huge home price gains
Plus, Fannie and Freddie increase loan limits, multimillion-dollar markets, record home equity gains in the third quarter, and the risk of a housing bubble.
More investors entering the market, competing with consumers for homes
Plus, more homeowners with a mortgage are considered ‘equity rich’ and affordability improves slightly thanks to lower prices.
California home-seller profits soar in the third quarter
Plus, the Great Escape slows, prices for new homes out of reach for many in Sacramento, and four cities that make the Livability.com grade.
A big payday, thanks to your home
Plus, the flip side of the equity gain for homeowners means home-shoppers are losing ground (see how much income needed by market). Mortgage lenders expect much higher FHA conforming loan limits and closing costs increase (sort of).
Rents soar, mortgage rates remain low and the buy vs. rent decision gets complicated
Plus, the Best Places to Live winners in California, home-flipping profits slide, Stockton gets ‘overvalued’ label, and the state issues $1.75 billion more for affordable housing.
