Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through knowledge of the latest trends and statistics.
Stay current on industry issues with daily news from NAR. Network with other professionals, attend a seminar, and keep up with industry trends through events hosted by NAR.
To better understand how the change in loan limits would impact local markets, NAR Research looked at FHA purchase loans originated between January 1, 2011 and September 30, 2011 (the last day prior to the new limits).
Of the 10 counties with the largest number of FHA purchase loans originated above the new limits in the first nine months of 2011, nearly all of them were in markets with high delinquency rates.
Nine out of ten of these markets had a 90-day delinquency rate above the national average 7.2% in August.
Slower sales and/or a decline in prices could exacerbate this trend. Furthermore, the number of sales impacted by the new limits is likely much higher as these figures exclude GSE lending and loans held in the portfolio of private banks.
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