November 30, 2022
The Federal Housing Finance Agency (FHFA) has announced its new conforming loan limits for 2023. The new maximum borrowing amount for conventional loans has increased to $726,200 from $715,000. Resource Financial is offering this new conventional loan limit beginning today to provide more opportunities for homebuyers. Conforming loan limits are the maximum amount of cash […]
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October 25, 2022
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. Part of that […]
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October 17, 2022
If you’ve been shopping for a home lately, you may have heard the term, “temporary buydown program.” What is this and how can it help you afford the home you want in today’s market? If you’re ready to buy but higher interest rates have you on the fence, the Resource Buydown* program could be a […]
Read MoreSeptember 13, 2022
Resource Financial is providing more opportunities for the American dream with the new increased conforming loan limits. Conforming loan limits are increasing to $715,000 from $647,200 – that is a $67,800 increase from just earlier this year. What does this mean to me? You may be able to take advantage of a more affordable loan […]
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June 15, 2022
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is […]
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June 1, 2022
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale […]
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May 17, 2022
Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where […]
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April 19, 2022
Today’s low inventory can be challenging for homebuyers, especially if you’re looking to purchase your first home. But if you’re one of many people who work remotely, you may have a great opportunity to use the flexibility you have at work to achieve your homebuying goals this year. In a recent report, Arch Capital Services explains how the ongoing trend of […]
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April 4, 2022
The link between financial security and homeownership is especially important as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR) says, “Homeownership is rewarding in so many ways and can serve as […]
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March 23, 2022
For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back […]
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