Insights!

There’s was a 5.4% increase in building materials in 2020 for new construction thus pushing prices up. Some builders are increasing their prices monthly. A buyer that gets under contract now may see their equity before they even move in.

DACA returns to HUD and now an FHA loan is available for a primary residence.

Fannie Mae expects interest rates to drop to 2.87%. You could get a lot more house for a lower monthly payment with just a percentage drop so this is great news!