Realtor officials commend FHFA for raising 2022 conforming loan limits
Wednesday, December 8, 2021
The Federal Housing Finance Agency has announced it is raising the 2022 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $647,200 on one-unit properties. The conforming loan limit for high-cost areas, including San Mateo and Santa Clara counties, will increase to $970,800. The previous loan limits were $548,250 and $822,375, respectively.
»
Read More
Realtor.com survey shows 65% of prospective sellers plan to enter the market soon
Wednesday, December 8, 2021
After sitting on the sidelines as low mortgage rates fueled homebuyer demand and listing price growth throughout the pandemic, prospective sellers are eager to enter the housing market within the next six months, according to a new Realtor.com survey. Compared to the spring (76%), more of today's prospective sellers (93%) have already taken steps toward listing their home, including working with an agent, researching the value of their home and others in their neighborhood, making repairs on their home or decluttering.
»
Read More
California's October housing market stabilizing, but still high competitiveness in Silicon Valley
Wednesday, December 1, 2021
California's housing market continued to maintain a healthy sales pace above pre-pandemic levels even as sales have dipped from 2020, according to the California Association of Realtors. The San Francisco Bay Area market experienced some softening, but high competitiveness among buyers continues, especially in Silicon Valley.
»
Read More
DRE improves e-licensing functionality, steps up enforcement
Wednesday, December 1, 2021
At the fall California Association of Realtors ReImagine conference, California Department of Real Estate Commissioner Doug McCauley shared important information on licensing, new regulations, and other hot topics all Realtors should know. McCauley noted the department's goal is to be a high performing licensing entity and protect consumers.
»
Read More
Sunnyvale Community Services helping over 10,000 persons in need
Tuesday, November 16, 2021
More and more people are in need of financial, food, work and other assistance due to the pandemic and rising costs of housing. Marie Bernard, executive director of Sunnyvale Community Services, informed members of the Silicon Valley Association of Realtors that 10,492 clients have used one or more of the non-profit agency's services this year.
»
Read More
NAR chief economist says real estate a great hedge against inflation
Tuesday, November 16, 2021
The outlook for the residential real estate market, which performed exceptionally well during the height of the pandemic, continues to be promising, but will likely transition to more normal conditions in 2022, according to Dr. Lawrence Yun. The National Association of Realtors vice president and chief economist delivered the nationwide housing assessment last week at the NAR 2021 Realtors Conference & Expo in San Diego.
»
Read More
New Freddie Mac initiative will help renters build credit
Wednesday, November 10, 2021
Freddie Mac has announced a new initiative to help renters build credit by encouraging operators of multifamily properties to report on-time rental payments to the three major credit reporting bureaus. Presently, less than 10 percent of renters see their on-time rental payment history reflected in their credit scores. This inhibits their ability to access credit or obtain competitive rates for a range of financial products.
»
Read More
Defensible space inspection can affect real estate transactions
Wednesday, November 3, 2021
Pam Temmermand, Fire Prevention Specialist II with the Cal Fire Santa Clara Unit that covers Santa Clara, Alameda, Contra Costa and parts of Stanislaus and San Joaquin counties, recently explained to members of the Silicon Valley Association of Realtors the requirements of AB 38, the law on defensible space inspection. This law took effect in July of this year.
»
Read More
Article Archive:
Articles by Year