Fannie Mae and Freddie Mac announced a nationwide suspension of evictions on foreclosed single-family homes during the holiday season, between Dec. 18 to Jan. 2. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac or Fannie Mae.Legal and administrative proceedings for evictions may continue, but families will be allowed to stay in their home over the holidays.“As we have done in past years, we are suspending evictions
For those who are full of the holiday spirit, they may find their fa-la-la-la’s in these cities.“For a city to be really attractive for the holidays, it needs to offer something for everyone—from kids to the grandparents,” says Kirsten Maxwell, founder of kidsareatrip.com, a family activities website.Realtor.com®’s research team sifted through the data of the 150 of the largest metros to identify those with the most holiday magic. T
Do you have the chops to be successful at home flipping? ATTOM Data Solutions, a real estate data firm, reveals some of the top criteria from successful flippers. It based its findings on the most profitable flipping markets in the third quarter, which were: Pittsburgh, Baton Rouge, Philadelphia, Baltimore, and Cleveland.A few habits of effective home flippers are:They know how to find a great deal.Home flippers in the most profitable markets pu
With rising home prices, more state lawmakers are proposing legislation to help home shoppers tackle the down payment obstacle. More states this year have considered or are considering passing laws to allow for tax-saving down payment accounts to aid first-time buyers.Three states authorized such accounts this year: Iowa, Minnesota, and Mississippi. Colorado, Montana, and Virginia already have such accounts in place.The established down payme
Consumer optimism in the housing market is growing—but it may be short-lived as tax reform looms.In Fannie Mae’s latest Home Purchase Sentiment Index, the share of respondents who say now is a good time to buy a home increased 7 percentage points from October to November. The share of respondents who say now is a good time to sell a home rose 4 percentage points and is up 21 percentage points year over year. Americans also expressed a greater
Congress approved a two-week extension for the National Flood Insurance Program late last week, keeping the program afloat until Dec. 22, but the National Association of REALTORS® continues to push legislators to do more—and fast.Beyond December, the program may be granted another short-term extension as part of a resolution to keep the government operating. That would give lawmakers more time to pass long-term NFIP reform and reauthorization.
Following on the heels of the Federal Housing Finance Agency, the Federal Housing Administration announced that it will increase its loan limits in most areas of the country in 2018. The FHFA had announced new limits for loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac on Nov. 28.In high-cost areas of the country, the FHA’s ceiling on loan limits will rise from $636,150 to $679,650, according to the Department of Housing a
The national homeless population increased for the first time since 2010, bumping up 0.7 percent year over year in 2017, according to the Department of Housing and Urban Development. The West Coast was mostly responsible for the increase thanks to particularly tight housing markets in cities such as Los Angeles and Seattle, HUD’s data shows.“In many high-cost areas of our country, especially along the West Coast, the severe shortage of afford
Wildfires in Southern California showed resistance to containment efforts Sunday night, growing larger and forcing more homeowners to flee their houses. From San Diego to Los Angeles, an estimated 800 homes have been completely destroyed since the blazes—now the fifth largest in the state’s history—first started on Dec. 4. The fires have scorched 230,000 acres, prompted more than 200,000 residents to evacuate, and with more than 86,000 home
Home buyers from Great Britain have been focusing on purchasing single-family homes in the U.S., according to the U.S. Census Bureau’s Survey of Construction. They’re targeting markets across the country, with at least one city in nearly every major region seeing a marked uptick in activity from British investors, according to Investorist, a global B2B sales platform. Investorist reveals those cities, along with factors that make them an attr
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