Will 2020 be a Good Year to Buy a Home?

Economists say that 2020 will be a positive — though not exactly stellar — year for the housing market. And that could be good news for renters and home buyers alike. But that’s assuming experts’ forecasts are right. “If interest rates go up 100 basis points, we’ll be off,” Doug Duncan, chief economist at Fannie FNMA, -0.16%   […]

Californians’ Home Mortgage Deduction Would Be Capped Under New Bill

California homeowners with big home loans and vacation properties would owe higher taxes under new legislation to raise money for programs to get the state’s homelessness crisis under control. The bill by Assemblyman David Chiu, D-San Francisco, would cap a state tax break for mortgages to the interest paid on the first $750,000 of a […]

U.S. Home Values Rise to Record $29.2 Trillion, Fed Says

The value of all U.S. owner-occupied homes increased to a record $29.2 trillion in the third quarter, according to a Federal Reserve report known as the Flow of Funds. That was a gain of 4.2% from a year earlier, the slowest annualized increase since 2012. The collective value of U.S. homes is now 21% higher than the […]

Why Are People Staying in Their Houses for So Long?

Housing professionals and economists repeatedly assert that American homeowners are staying in the same houses longer and provide a few theories as to why. One such theory is the rate lockdown thesis. It claims that Americans are staying in their homes longer to keep their lower mortgage rates. When mortgage rates rise, it becomes less desirable to […]

Startup Explains its New, No-Mortgage Homeownership Model

Recently, a new startup claimed it could get Americans into a home without requiring a mortgage. But as we looked into Fleq, which launches in Pittsburgh, there seemed to be more questions than answers. How much of a premium will Fleq charge for rent? What will the risk profile of its buyers be? Has the company overestimated […]

Mortgage Rates Start 2020 Well Below Last Year’s Average

In the first week of the year, the average U.S. fixed rate for a 30-year mortgage averaged 3.72%. Not only is this percentage below the previous week’s average, but it’s also nearly 80 basis points below the 4.51% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “As investors kept their eyes on the phase one […]

A Look Ahead: The Housing Market in 2020

What’s in store for the U.S. housing market in 2020? With low interest rates, modest inflation and a solid labor market, there are many reasons to be optimistic about housing in the coming year. In 2019, a sustained drop in mortgage rates and a strong labor market helped the U.S. housing market to rebound in […]

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