Kelsey Ramírez is an Assistant Editor at HousingWire. In this role she spearheads the production of HW Magazine. Ramírez is a journalism graduate of University of Texas at Arlington. She previously covered hard issues such as homelessness and domestic violence.
The Federal Housing Administration announced its new loan limits for 2019, and it looks like most of the country will see an increase. These new loan limits will be effective for FHA loans assigned on or after January 1, 2019.
An interest rate hike in December was almost a sure thing, followed by one or two rate hikes next year – all the economists said it. After that, there was debate about what would happen next. But that is now beginning to shift, and even a rate hike in December may not be happening.
Nominations have already started coming in for HW’s Tech100 Award. But along with those nominations have also come a flood of questions. We compiled the top questions, along with the answers, to make sure you’re ready to submit the best nomination you can.
Mortgage originations are falling and will continue to do so in 2019, but rising home prices could cause an increase in homeowners seeking to tap into their equity, according to the 2019 consumer credit forecast from TransUnion.
Late Tuesday night, President Donald Trump announced his choice to lead the Federal Housing Finance Agency – Mark Calabria. Calabria’s nomination must still be approved by the Senate, but with his extensive background in housing, and a Republican majority in the Senate, that isn’t expected to be a problem.
CoreLogic released its predictions for 2019, outlining several factors that will be making economic news in the new year. CoreLogic’s chief economist explained that economic growth only needs to last seven more months in order to set the record for the longest economic expansion.
The Democratic Steering and Policy Committee nominated Rep. Maxine Waters, D-Calif., late Monday to lead the Financial Services Committee. Waters will be the first woman and African American to chair the committee. Of course, her nomination must still be approved by the Democratic Caucus.
Fannie Mae and Freddie Mac announced Monday that they will not be evicting any families during this holiday season. The suspension will last through the new year, but during that time legal and administrative proceedings will continue.
Sources continue to inform HousingWire of new information regarding CoesterVMS as it appears it may be running out of money and leaving some appraisers unpaid. Plus, find out what the housing industry thinks of the new director of the Consumer Financial Protection Bureau.
The housing market needs an additional 2.5 million units just to match what is needed for long-term demand. As it turns out, housing inventory is lagging, driving up rent and home prices, which will continue to outpace income growth.