by ISTMagents | Nov 19, 2023 | Blog
NEW FHA GUIDELINES ACCEPT ACCESSORY DWELLING INCOME The U.S. Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA) rolled out a new policy in late October expanding accessing to FHA mortgage financing for homes that include...
by ISTMstage | Nov 12, 2023 | Blog
November Market Update Latest Data | 2023 in the District of Columbia: Oct. 2023 Sold Dollar Volume was $402,129,235, a decline of -13.09% from Oct. 2022’s $462,697,001; Oct. 2023 Median Sold Price was $678,500, up 4.38% from October 2022; Avg Days on Market (DOM) in...
by ISTMagents | Nov 1, 2023 | Blog
POWELL ANNOUNCES NOVEMBER RATE SKIP, MAINTAINING FEDERAL FUNDS RATE Fed Chair Jerome Powell announced at 2PM today that rates would not increase this month. Per the FOMC statement: “Recent indicators suggest that economic activity expanded at a strong pace in...
by ISTMagents | Jul 27, 2023 | Blog
Who's Buying Homes in the U.S.?Breaking down the home buying market by generation In this time of high interest rates and low inventory, cash-flush Boomers have emerged as the market leaders. Baby Boomers now represent 39% of American home buyers, according to an NAR...
by ISTMagents | Jul 27, 2023 | Blog
You're a first-time homebuyer in DCIs finding a home you love in a neighborhood you love, with a short commute and good investment value impossible? Nah. What may seem like a daunting task can be achievable by following a few guidelines and breaking the process down...
by ISTMagents | Jul 26, 2023 | Blog
Fed Hawks Force Interest Rates Higher Despite Declining Inflation Following today’s FOMC meeting, Fed Chair Jerome Powell announced another key interest rate increase in spite of the recent pullback in inflation. The Federal Reserve raised the benchmark rate by .25%...
by ISTMagents | Jun 15, 2023 | Blog
FED SKIPS JUNE RATE HIKE, SIGNALS MORE 2023 HIKES A “Skip” was the next step in the Fed’s fight against inflation at June’s FOMC meeting. Federal Reserve officials held the benchmark rate steady for the first time since March 2022, but...
by ISTMagents | Jun 15, 2023 | Blog
EXPANDED DEFERMENT PROGRAM BEGINS JULY 1 2023 Homeowners Can Take Mortgage Deferment July 1 2023 Starting July 1st, homeowners struggling to pay mortgages can take advantage of an expansion of the Freddie Mac and Fannie Mae deferment policy. Payment deferral allows...
