Millennial Homebuyers on the rise

Millennial Homebuyers Are on the Rise

According to the National Association of Realtors® (NAR), the number of millennial homebuyers significantly increased over the last year! NAR is the largest trade association in the United States representing more than 1.5 million members of the residential and commercial real estate industries. In the 2022 Home Buyer and Seller Generational Trends Report, NAR studied the differences and similarities between[...]

Rising Mortgage Rates

What Should You Know About Rising Mortgage Rates?

A new year means new homebuying opportunities, but with mortgage rates rising, what does this mean for 2022 homebuyers? According to Redfin, there will be a significant drop in affordable housing in the cities of Atlanta, Austin and Phoenix. The housing boom created in the wake of Coronavirus caused home prices to skyrocket and housing inventories to dramatically decrease. The Federal Reserve[...]

U.S. Foreclosure

U.S. Foreclosure Market Saw Record Lows in 2021

The housing market continues to show improvement not only in Atlanta but across the country. While record-low national housing inventory remains, the number of foreclosures reported across continues to decrease. ATTOM recently released the 2021 Year-End U.S. Foreclosure Market Report, detailing scheduled actions, default notices and bank repossessions recorded in the past year. Licensor of the nation’s top comprehensive data and[...]

owner's suite

Is Finding a New Home Your New Year’s Resolution?

It’s almost the start of a new year – the perfect time to make new resolutions or goals for your future! The new year is the best opportunity to get a fresh start by finding a brand-new home. It may seem like a big change, but it’s a great step toward achieving the lifestyle you’ve dreamt about. Not sure how to[...]

person using calculator to determine home loan costs

FHA Loan Limits Increased for 2022

FHA Multifamiliy Housing Loan Limits FHA loan limits for multifamily housing in 2022 have increased. The Federal Housing Administration announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $78 billion for each -- a combined total of $156 billion to support the multifamily market. The 2022 caps, which increased from $70 billion for each[...]

chart showing mortgage interest rates rising

Mortgage Interest Rates Are Rising

At MarketNsight's December 9, 2021 MarketWatch, David Godwin, Senior Vice President of Business Development for Bank South Mortgage was asked, "What is going to happen to interest rates in 2022?"  His response was, Fannie Mae, Freddie Mac, the National Association of Realtors and the Georgia Bankers Association are all showing a slight uptick in mortgage rates for 2022. Godwin makes[...]

radio advertising graphic for new american funding's regional sales manager eric glick discussing fico score and fha student loan updates

Updates on FICO Scores, FHA Student Loan Guidelines

Eric Glick, regional sales manager with New American Funding, joins the Atlanta Real Estate Forum Radio show to discuss the new FICO score program, updated FHA regulations and millennial homebuyers. Glick joins hosts Carol Morgan and Todd Schnick for the All About Real Estate segment. New American Funding is a home loan and mortgage assistance company founded in 2002 that offers a[...]