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Author: Swapna Venugopal Ramaswamy, USA TODAY

Money

The 10 best real estate markets of 2023: Goodbye COVID boomtowns, hello mid-sized markets

December 7, 2022December 8, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on The 10 best real estate markets of 2023: Goodbye COVID boomtowns, hello mid-sized markets

With mortgage rates almost doubling since the start of 2022, affordability remains a big concern for buyers. These real estate markets will get active

Money

Fannie Mae, Freddie Mac will back mortgages of more than $1 million in 2023

November 30, 2022December 1, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Fannie Mae, Freddie Mac will back mortgages of more than $1 million in 2023

The loan limit increase mirrors rising house prices, which went up 12% from September 2021 to September 2022, according to the agency.

Money

Home equity line of credit and home equity loans: ‘Right tool at the right time’

November 10, 2022November 11, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Home equity line of credit and home equity loans: ‘Right tool at the right time’

A HELOC allows homeowners to borrow as much as 85% of the value of the home, and repay and redraw as needed.

Money

EXCLUSIVE: Homes with high wildfire risk are selling for $178,000 more than low-risk homes

November 3, 2022November 11, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on EXCLUSIVE: Homes with high wildfire risk are selling for $178,000 more than low-risk homes

Homeowners who are putting affordability and desirability of a property ahead of safety concerns when it comes to home buying decisions, per Redfin

Money

Housing market grinding to a halt? High mortgage rates bring sales and listings down

October 21, 2022December 8, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Housing market grinding to a halt? High mortgage rates bring sales and listings down

The 7% house price decline from June to September was more than double the rate of decline during the same time-period in 2021, when it fell by 3.1%.

Money

Hurricane Ian: Here’s how renters can avoid panic and prepare for natural disasters: Severe storms, wildfires

September 28, 2022September 29, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Hurricane Ian: Here’s how renters can avoid panic and prepare for natural disasters: Severe storms, wildfires

When disaster strikes, here’s what a renter needs to know about preparing for extreme weather events such as rent abatement and lease termination.

Money

Exclusive: Fannie Mae to announce plan to bolster renters’ credit scores

September 26, 2022September 26, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Exclusive: Fannie Mae to announce plan to bolster renters’ credit scores

About 45 million consumers may be denied access to credit because they don’t have scorable credit records: Fannie Mae wants to help

Money

Home prices decline at rates seen close to a decade ago

September 21, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Home prices decline at rates seen close to a decade ago

As prices continue to decelerate, a 3% or lower year-over-year increase in median prices by December is possible, one expert thinks.

Money

Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?

September 20, 2022September 21, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Home prices keep rising amid a seller’s housing market. So why has new homebuilding hit a crawl?

Builder confidence in the market for newly built single-family homes falling fast. Single-family permits are now down 25% from their peak in February.

Money

Mortgage applications are down 23% from a year ago. What does that mean?

September 9, 2022 Swapna Venugopal Ramaswamy, USA TODAY Comments Off on Mortgage applications are down 23% from a year ago. What does that mean?

Homebuyers are grappling with home prices that are still soaring amid rising inventory, falling home sales and volatile interest rates.

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