It’s pretty evident that home prices and home values were up last year and are still continuing to rise, but just how much they rose may come as a surprise. The total of home values in the United States rose last year by close to $2 trillion from 2016, reaching $31.8 trillion in 2017. According… Read more »
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Fannie Mae and Freddie Mac Home Loan Limits to Increase Next Year
The Federal Housing Finance Agency (FHFA) has announced that the maximum conforming loan amount for mortgages acquired by Fannie Mae and Freddie Mac will increase for 2018. In the vast majority of localities throughout the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100. That is an increase of $29,000 from… Read more »
5 Interesting Predictions for the Housing Market in 2018
This is the time of year when everyone –from lenders to real estate organizations to builders – is making predictions about the housing market for 2018. Here are five interesting predictions we wanted to share with you. 1-Low Inventory Will Continue to Drive the Housing Market in 2018 The shortage of homes will continue to… Read more »
What Is a Digital Mortgage?
What is a digital mortgage? That question was answered by industry professionals last week at the National Mortgage News Digital Mortgage Conference in San Francisco. The majority of mortgage professionals surveyed at the conference defined a digital mortgage as “a fully end-to-end electronic process, which includes the borrower experience, internal processes and electronic closings,” said… Read more »
6 Real Estate Agent Safety Tips
In the past 2 years, there has been an increase in attacks on real estate agents in the United States. That means now is the perfect time to brush up on some real estate agent safety best practices. Recent Attacks in the News Last September, real estate agent, Ryan Vega, was stabbed in the neck—during… Read more »
2017 Housing Bubble, Recessions, and Threats – Oh My!
Is a 2017 housing bubble around the corner? Has anything changed since the financial collapse of 2008? That’s what HousingWire decided to find out. It would be an understatement to say that the political landscape and news cycle have been tumultuous lately, and they show no sign of slowing down. HousingWire decided to take a… Read more »
Over 40 Years, Northern Virginia Real Estate Prices Continue to Rise
A report compiled by InsideNova, a leading source for news in northern Virginia, indicates that from 1975 to the present, home and commercial real estate prices have continued a slow and uneven rise. Even the effects of the housing market meltdown in 2007 are fading as demand for new and existing homes continues to rise… Read more »
Deregulation for Real Estate Not Guaranteed
As a title insurance company serving the greater Washington, D.C. area, the professionals at Champion Title are no stranger to the impacts of regulation. And while newly elected President Donald Trump may roll back some of the financial regulations implemented under the previous administration, without an overwhelming majority in the U.S. Senate it will be… Read more »
Top 10 DC Real Estate Stories from 2016
With one of the most vibrant and resilient markets in the nation, Washington, D.C., is a bellwether for the entire real estate industry. Residential and commercial projects dominated the news in 2016 and provided real support for the recovery of the housing market. Here are the 10 biggest stories in D.C. real estate from 2016…. Read more »