Loan limits will likely go up to $625K in 2022, but FHFA hasn’t announced it yet. Still, higher home values have convinced some lenders to boost loan limits now.WASHINGTON –
What First-Time Buyers Want the Government to Do ☘ Hoey Team ☘ eXp Realty Florida
Dated: February 3 2020
Lower mortgage rates are what first-time home buyers most want from the government in addressing real estate needs, according to a new survey of about 600 first-time home buyers conducted by the real estate brokerage Redfin. Mortgage rates are hovering near historic lows, yet 66% of first-time home buyers surveyed say they want rates to head even lower.
Besides lower interest rates, first-time buyers also want the government to provide tax credits and ease lending standards in helping to make home buying more affordable in the short-term, the survey finds.
First-time home buyers did not appear to be as concerned about the government’s action on longer-term solutions to challenges posed in the housing market, such as in addressing housing shortages. For example, only a quarter of respondents said they’d like the government to take steps that would urge more home construction, which has been pointed to as a solution for easing inventory woes.
Article content from NAR (National Association of REALTORS) Newsletter Magazine, and from other sources including Redfin.
If you have questions on Technology, Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida(the number 1 state), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know.
Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website. ☘
We hope that you find the information useful. If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team ☘ brokered by eXp Realty
“Please Share this and our informational website with anyone who you think the info will help.
Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals from Past Customers, Friends and Fellow REALTORS, who we help in any way we can.
Most of our business is referrals by word of mouth; from past Sellers and Buyers who we have helped; please ask for and check out our testimonials and Sales Stats. Thanks, Barry & Kim ☘”
"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....
Latest Blog Posts
A price increase of almost 20% year-to-year is unheard of – until now. Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.WASHINGTON (AP) ;
Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.MCLEAN, Va. –
Hello,Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ hope that you and yours are doing good; wherever you are located at this time.Hot off the press