The Rundown: FHA’s plan to raise loan limits and 2020 market outlooks
The Rundown is a weekly video wrap of HousingWire’s top news stories produced by HousingWire’s Alcynna Lloyd. Each week, Lloyd takes a look at the housing industry’s most intriguing stories, presenting you with a digital summary of HousingWire’s news coverage.
This week, Lloyd discusses Realtor.com’s 2020 forecast, which predicts a steep decline in U.S. home sales, the National Association of Realtors’ housing outlook for the upcoming year, and the Federal Housing Administration’s plan to increase loan limits for nearly all of the country in 2020.
Here’s more detail on the topics of discussion this week:
U.S. home sales are predicted to fall next year as Baby Boomers gridlock the housing market by aging in place, according to a forecast from Realtor.com.
A housing market stymied by supply shortages will get some relief next year from homebuilders, according to the National Association of Realtors.
Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.
And here are links to the topics discussed:
1) Boomers likely to gridlock the housing market in 2020:
2) Builders are coming to the housing market’s rescue: https://www.housingwire.com/articles/builders-are-coming-to-the-housing-markets-rescue/
3) FHA loan limits increasing for almost all of U.S. in 2020: