Fannie Mae Taking a Closer Look at Applicants’ Credit Card Payments

If you feel like you’ve been managing your debt just fine, making the minimum payment on your credit cards on time every month, you might want to change your ways before applying for a home loan. Fannie Mae, which offers government-backed loans to more than a quarter...

Home Prices Dip as Buyers and Sellers Head Into the Holidays

It’s not even Black Friday or Cyber Monday yet, but buyers may already be able to score a discount (though just a tiny one) on the homes of their dreams. Median prices dipped 1.3% in October to hit $232,000 for existing (i.e. previously lived in) homes compared to a...

The 10 Metros That Need New Housing Construction the Most

Marcopolo9442/iStock If there’s one thing that characterizes the U.S. housing market these days, it’s scarcity. Too few homes for sale are leaving would-be buyers frustrated and pushing up home prices. And the lack of new construction on homes is making that shortage...

Why Are Blue State Buyers Investing in Red State Rentals?

Whether they have a first-class seat on the #TrumpTrain or prefer to #DumpTrump, many blue state denizens are putting politics aside to capitalize on the lower-priced real estate markets in red states and buy more affordable rental properties, according to a recent...

Number of Home Flippers Hits Pre-Crash Level, but Don’t Panic Yet

Aleutie/iStock As we’ve watched homeowners buy, remodel, and cash out over the years on shows like “Flip This House” to “Flip or Flop” to “Flipping Out,” house flipping has come to seem like just another variation on the American dream of homeownership and financial...