MBA Advocacy Update Dec. 5, 2022
The Federal Housing Finance agency last week published its 2023 maximum conforming loan limits for mortgages eligible to be acquired by Fannie Mae and Freddie Mac. FHA also published its 2023 Nationwide Forward Mortgage limits for FHA-insured Title II mortgages.
Employment Holds Steady, Slowing Slightly
November employment numbers slowed slightly from October, the Bureau of Labor Statistics reported Friday.
Home Delistings Hit Record High in November as Buyers, Sellers Retreat
The shifting housing market appears to have caught a lot of home sellers by surprise: A record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared to 1.6% one year earlier, according to Redfin, Seattle.
Report Highlights Importance of Prioritizing Biodiversity for Conserving Nature, Reducing Carbon Emissions
By taking steps to preserve biodiversity, real estate and land use professionals can protect critical natural resources, dramatically reduce carbon emissions, and enhance the value of their properties, according to a report from the Urban Land Institute.
MBA Chart of the Week Dec. 2, 2022: GSE Conforming Loan Limits
Last week, the Federal Housing Finance Agency announced conforming loan limits for mortgages eligible to be acquired by Fannie Mae and Freddie Mac in 2023. The 2023 loan limit for one-unit properties for most of the country will be $726,200, an increase of $79,000 from $647,200 in 2022.