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Octavio Jones - 1 FHFA - 1 ” - 1 Anju Vajja - 1 ” Craig Lazzara - 1 DJI - 1 Amina Niasse - 1 Safiyah Riddle - 1
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Tampa , Florida U.S “ U.S East North Central New England Chicago Cleveland
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REUTERS - 1 Federal Housing Finance Agency - 1 Federal Reserve - 1 FHFA’s Division of Research - 1 Statistics - 1 East North - 1 Thomson - 1

Search resuls for: "FHFA’s Division of Research"


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☆ US home prices show signs of stabilizing, reports show
  + stars: | 2023-08-29 | by ( Amina Niasse | ) www.reuters.com   time to read: +2 min
REUTERS/Octavio Jones Acquire Licensing RightsNEW YORK, Aug 29 (Reuters) - U.S. housing prices showed further signs of stabilizing in June, according to two reports out Tuesday that signaled the lengthy run of softening sales prices may be bottoming out. Both reports showed prices rose modestly month-over-month. House prices rose 3.0% between the second quarters of 2022 and 2023, FHFA said. FHFA's data showed June’s year-over-year gains were strongest in the East North Central and New England regions, up by 5.4% and 6.8%, respectively. On a city basis, the Case-Shiller data showed Chicago and Cleveland experiencing the greatest price accelerations.
Persons: Octavio Jones, FHFA, ”, Anju Vajja, ” Craig Lazzara, DJI, Amina Niasse, Safiyah Riddle, Andrea Ricci, Leslie Adler Organizations: REUTERS, Federal Housing Finance Agency, Federal Reserve, FHFA’s Division of Research, Statistics, East North, Thomson Locations: Tampa , Florida, U.S, “ U.S, East North Central, New England, Chicago, Cleveland
☆ High home prices push Fannie Mae and Freddie Mac to back loans of more than $1 million
  + stars: | 2022-11-29 | by ( Anna Bahney | ) edition.cnn.com   time to read: +3 min
As a result, the baseline conforming loan limit for 2023 will be $726,200, up $79,000 from this year’s limit of $647,200. Higher-cost areas will have a new loan limit of $1,089,300, or up to 150% of the baseline loan limit. Mortgages above these loan limits are considered “non-conforming” or “jumbo” mortgages, and typically come with higher interest rates. The baseline loan limit is the highest loan amount – not the purchase price – for a one-unit purchase. The law establishes the maximum loan limit in high-cost areas as a multiple of the area’s median home value, up to a maximum of 150% of the baseline loan limit.
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