Thomas Link's Blog Posts

The 2026 conforming loan limit rises to $832,750. chief economist says the move broadens conventional financing opportunities for buyers.WASHINGTON – The Federal Housing Finance Agency (FHFA)

Living independently is now a key marker of adulthood, as fewer young adults marry or have kids amid rising housing and living costs.WASHINGTON — Moving out of the parental home, getting a,

Rates on 30-year mortgages fell Wednesday to 6.23% from 6.26% the previous week. Borrowing costs on 15-year fixed-rate mortgages fell to 5.51%.WASHINGTON – The average rate on a 30-year U.S.

NAR said pending sales rose monthly in the Northeast, Midwest and South and fell in the West. Year-over-year gains appeared only in the Midwest and South.WASHINGTON — Pending home sales in

Debt falls on a spectrum. Mortgages and student loans can build long-term value, while high-interest credit cards and payday loans can strain budgets if not repaid quickly.NEW YORK -- Debt is often

Adults age 23 to 28 are outpacing earlier generations by using incentives, builder deals, family help and affordable markets to purchase homes sooner than expected.NEW YORK – Shaky employment

Real estate pros who understand the basics of the mortgage interest rate deduction can help customers make choices that align with their financial goals.WASHINGTON – Throughout the tax reform

Rates on 30-year mortgages ticked up to 6.26% from 6.24% last week, while borrowing costs on 15-year mortgages averaged 5.54%, up from 5.49% last week.WASHINGTON — The average rate on a 30

New research shows 47% of renters think they’ll be ready to buy within four years, with modern credit tools helping ease concerns about qualifying.COSTA MESA, Calif. — Nearly half (47%)

NAR economists predict home sales will climb in 2026 as mortgage rates ease, buyer demand strengthens and price growth continues despite uneven market conditions.HOUSTON — Real estate

The IRS will allow workers to contribute more to 401(k), 403(b), 457 plans and IRAs in 2026, including higher catch-up amounts for people 50 and over.WASHINGTON — Americans will be allowed to

Federal housing programs are starting again after the shutdown ended, restoring FHA, VA, USDA and NFIP activity. Closings may still see delays due to backlogs.WASHINGTON — Federal programs

Inflation, missing economic data and signs that companies plan to raise prices are raising doubts about whether the Fed will move forward with another rate cut.WASHINGTON — Two Federal Reserve

Fewer homeowners are completing a For Sale By Owner transaction and are heavily turning to real estate agents for guidance, NAR found.CHICAGO — The number of homeowners trying to sell their

Housing officials said the White House is developing a 50-year mortgage option to expand affordability as home prices and adjustable-rate loans rise.WASHINGTON — Federal Housing Finance(

Underutilization of VA loans delays homeownership, especially in high-cost markets and areas where veterans may not know about their benefits, new research shows.AUSTIN, Texas — For many U.S.

Falling rates, higher inventory and motivated sellers make late 2025 one of the best times for buyers to secure favorable deals before spring prices rise.NEW YORK -- The next few months may present

More than 600 agents described how the federal shutdown has delayed loans, halted flood insurance renewals and stalled home sales nationwide.WASHINGTON -- On Oct. 22, a few weeks into the federal

More than 600 agents described how the federal shutdown has delayed loans, halted flood insurance renewals and stalled home sales nationwide.WASHINGTON -- On Oct. 22, a few weeks into the federal

The average rate on 30-year mortgages moved up to 6.22% from 6.17% last week. Rates on 15-year mortgages rose to 5.5% from 5.41%, Freddie Mac said.WASHINGTON — The average rate on a 30-year U.

Key steps, from locating shut-off valves to budgeting for repairs, can help new homeowners stay safe, save money and avoid costly surprises.NEW YORK -- When it comes to homeownership, knowledge is

NAR research also shows the typical first-time buyer is now 40, repeat buyers average 62 and 88% of all buyers used an agent or broker.WASHINGTON — The share of first-time home buyers dropped

The longest full government shutdown in U.S. history is delaying sales and could lead to catastrophic risk for homeowners and businesses in flood zones, NAR said.WASHINGTON — With the full

Homeowners staying put should focus on projects with strong resale value — like kitchen, bath and flooring updates — and avoid overly personalized upgrades.NEW YORK -- With more

Jerome Powell said another rate cut at the Fed’s December meeting “is not a foregone conclusion,” citing uncertainty from the shutdown and mixed data.NEW YORK -- Federal Reserve

The Federal Reserve lowered its key rate by 0.25 points to 3.9%, its second rate cut this year and a move that could gradually lower mortgage rates.WASHINGTON — The Federal Reserve cut its key

U.S. house prices rose 2.3% year over year, the FHFA reports. The South Atlantic region, including Florida, saw a 0.7% monthly gain.WASHINGTON — U.S. house prices rose 0.4% in August,

Mortgage rates eased as the Federal Reserve considers another interest rate cut this month, balancing inflation concerns with slowing employment growth.NEW YORK — Lenders and analysts have

Inflation and high prices remain top concerns, with little change in how consumers view their finances or the overall economy, according to the University of Michigan.ANN ARBOR, Mich. -- U.S.

The average 30-year mortgage rate fell to 6.19% from 6.27% last week, while 15-year rates dropped to 5.44% from 5.52% last week.WASHINGTON --The average rate on a 30-year U.S. mortgage fell this

With rate cuts expected, homeowners weigh HELOCs for flexibility or fixed loans for stability as they consider tapping record home equity levels.WASHINGTON — As the Federal Reserve signals

Baby boomers own 41% of U.S. real estate – twice that of millennials – reflecting decades of price growth and tougher entry for younger buyers.WASHINGTON — Baby boomers continue to

Single-family mortgage volume could reach $2.2T in 2026 as lower rates, stable prices and growing inventory fuel more home sales and refinances, the MBA said.LAS VEGAS — The Mortgage Bankers

When dealing with noisy neighbors, start with a polite talk, document issues, involve a landlord if needed and use tools like earplugs or white noise.FORT LAUDERDALE, Fla. — Question: I live

Real estate buyers and sellers are facing increasing uncertainty and delays. The wider economic impact will be significant if Congress doesn’t come together, NAR said.WASHINGTON -- With the

The average rate on 30-year mortgages rate slipped to 6.27% from 6.3% last week, while 15-year rates dropped to 5.52% from 5.53%.WASHINGTON — The average rate on a 30-year U.S. mortgage

Rising rents and stagnant wages have pushed more young adults to live with their parents – up 6.3% in a decade – as affordability and housing supply tighten.NEW YORK — A growing

Falling mortgage rates could save home buyers more than $1,000 in interest annually if they compare options among various lenders, a new study finds.CHICAGO — Over the last five weeks,

The small drop in mortgage rates has fueled an 80% surge in refinancing, as millions of homeowners rush to cut monthly payments.NEW YORK — Even a small dip in borrowing costs has sparked a

Light up the curb appeal with holiday decorating. Hiring a pro can boost safety and reduce stress. Costs vary by home size, bulbs and display complexity.NEW YORK -- Believe it or not, this is a

An $84T–$124T wealth transfer from boomers to millennials could reshape cities as younger owners favor sustainability, walkability and mixed-use design.NEW YORK -- An estimated $84 trillion$

Nearly 50% of mortgaged homes in the U.S. are equity-rich, creating potential opportunities and considerations for real estate professionals in a fluctuating market.WASHINGTON — Owning a home

A Realtor.com analysis shows cash buyers thriving at the high and low ends of the market as financed buyers remain concentrated in the middle.AUSTIN, Texas — Nearly one in three homes sold in

The generation born between 1997 and 2012 is focused on buying homes in smaller, more affordable cities that prioritize walkability and community.NEW YORK -- For years, the narrative has been that

When a condo board removes hurricane windows during renovations, owners should document, check bylaws and seek legal advice to recover costs.Question: My condo apartment’s back lanai has been

When a condo board removes hurricane windows during renovations, owners should document, check bylaws and seek legal advice to recover costs.Question: My condo apartment’s back lanai has been

The rate on 30-year mortgages rose this week to 6.34% from 6.3% last week, while the 15-year rate rose to 5.55% from 5.49% the previous weekWASHINGTON — The average rate on a 30-year U.S.

The National Flood Insurance Program expired, freezing new policies and potentially delaying mortgages, home sales, and housing programs, especially in Florida.WASHINGTON — Authorization for

U.S. home prices fell 0.1% in July but rose 2.3% year over year. In the South Atlantic division, prices were flat monthly, up 0.8% annually.WASHINGTON — U.S. house prices fell 0.1% in July,

Contract signings went up on lower mortgage rates nationwide. In the South, they rose 3.1% in August and were up 4.2% compared a year ago.CHICAGO -- Slightly lower mortgage rates may have given more

U.S. consumer sentiment fell 5% in September as high prices and weaker economic expectations weighed on outlooks, though inflation expectations eased slightly.WASHINGTON — U.S. consumer

Home-flip returns dropped to 25.1% in Q2, the lowest since 2008, as higher home prices raised purchase costs while sales levels held steady.LOS ANGELES — It pays less and less to buy and flip

Inflation-based tax bracket hikes for 2026 may boost take-home pay, giving first-time buyers more room to save for down payments and qualify for loans.NEW YORK — The housing market is

Sales of newly built single-family homes jumped 20.5% higher in August across the U.S. and 3.3% in the South. The median new home sale price in the U.S. was $413,500.WASHINGTON — A modest drop

A growing number of Gen-Z buyers are pooling their finances with friends to buy homes. Experts recommend clear written agreements to handle costs and future changes.NEW YORK — In a housing

Experts say RE myths, like needing a 20% down payment or assuming renting beats buying, aren’t true and are leaving potential buyers confused.CHICAGO — Housing myths may leave you

Fed Chair Jerome Powell hinted at a possible interest rate cut, a move that could help mortgage rates, and emphasized a cautious approach is necessary.JACKSON HOLE, Wyo. — Federal Reserve

When HOAs reverse earlier landscaping approvals, mediation is key. Courts differ on whether the homeowner or HOA covers the cost of restoration.FORT LAUDERDALE, Fla. – Question: We live

Smart thermostats, appliances, lighting, and digital assistants make home automation easy, letting you control temperature, lights, and more remotely.MIAMI — These interconnected devices may

The average rate on a 30-year mortgage fell to 6.26% from 6.35% last week. Borrowing costs on 15-year fixed-rate mortgages slipped to 5.41% from 5.5%.WASHINGTON — The average rate on a 30-year

Hispanic buyers make up over one-third of U.S. homeownership growth, with rising incomes, strong buying power and growing market influence.MIAMI — Over the past decade, Hispanic Americans have

The Federal Reserve cut its key rate to 4.1% and projected two more cuts this year as job growth slows and unemployment ticks higher.WASHINGTON — The Federal Reserve cut its key interest rate

A Fed rate cut is expected Sept. 17, but mortgage rates, shaped by investor demand and Treasury yields, could rise, steady or drop.WASHINGTON — Nearly everyone thinks the Federal Reserve will

Only about 2% of Americans achieve an 850 credit score. With steady habits and smart monitoring, anyone can move closer to top-tier credit and better loan rates.NEW YORK — As Lynnette Khlafani

Fed Chairman Jerome Powell indicated more rate cuts are likely this year – a move that could push mortgage rates lower in the months ahead.NEW YORK — Jerome Powell, the chair of the

U.S. homeowners’ median monthly costs rose 3.8% to $2,035 in 2024, with mortgage holders spending 21.4% of income as rents climbed 2.7% to $1,487.WASHINGTON – The median monthly owner

To determine if a home is in an HOA community, check the deed and closing documents. If recorded, the annual fee is required; if not, it’s optional.Question: We just bought a house in a nice

Rates on 30-year mortgage rate eased to 6.35% from 6.5% last week, while 15-year rates slipped to 5.5% from 5.6%.WASHINGTON — The average rate on a 30-year U.S. mortgage fell this week to its

Buying a home may feel out of reach for some, but careful planning, saving and boosting credit can make homeownership achievable within five years.NEW YORK — Buying a home used to be a

Home equity is one of the biggest financial benefits of homeownership. Make it count by paying on time, paying extra, renovating and waiting for the value to grow.CHICAGO — As home prices have

Securing pre-approval before starting a home search is essential. It strengthens offers, shows seriousness and helps with a smoother buying process.TALLAHASSEE, Fla. — As this fall market is

Buying a home costs more than a down payment. Experts suggest comparing lenders, exploring FHA, VA or USDA loans, aid programs and seller concessions.NEW YORK – Buying a house, even with a 10%

U.S. job growth slowed in August and unemployment rose to 4.3%, boosting expectations of a Fed rate cut that may ease mortgage rates for homebuyers.WASHINGTON – U.S. job growth weakened

The average rate on a 30-year mortgage fell to 6.5% from 6.56%, while borrowing costs on 15-year mortgages slipped to 5.6% from 5.69%.WASHINGTON — The average rate on a 30-year U.S. mortgage

Employers posted 7.2M job vacancies in July – down from 7.4M in June and below economists’ forecast – as the American labor market continues to cool.WASHINGTON (AP) — U.S.

The average 30-year mortgage rate dipped to the lowest rate in months as markets increasingly expect a Federal Reserve rate cut in September.NEW YORK — Mortgage rates moved a little lower this

Homeowners tapped record equity in Q2 cash-out refinances, averaging $94K each. Monthly payments rose $590 as refinances made up 60% of loans.NEW YORK — Homeowners are cashing in on years of

The University of Michigan said consumer sentiment dipped more than initially estimated, with current conditions and expectations falling and inflation outlooks rising.WASHINGTON — The

Buyers can feel confident by carefully considering location, budgeting for costs, getting inspections and understanding HOA rules before making an offer.NEW YORK — Buying a home is a dream for

Rates on 30-year mortgages fell to 6.56% from 6.58% last week while rates on 15-year mortgages held steady at 5.69%.MCLEAN, Va. — The average rate on a 30-year U.S. mortgage slipped this week

Home prices were flat from Q1 to Q2 2025 but rose 2.9% year-over-year, with gains in 46 states.WASHINGTON — U.S. house prices rose 2.9% between the second quarter of 2024 and the second

Millennials often prioritize open layouts, smart features and lifestyle needs, while Boomers seek low-maintenance, traditional homes with long-term investment value.CHICAGO — Boomers and

Modern wallpaper in accent walls or single rooms can attract buyers when used carefully, with trends like textured neutrals, nature prints and rich colors.CHICAGO — Wallpaper is making a

Many homeowners are postponing big remodeling plans, choosing instead to complete smaller projects and rely more on professional contractors.NEW YORK — With a reported 1% gain in comparable

We’re excited to announce the launch of NextHome Valor Realty, a new boutique brokerage in San Antonio, Texas, led by industry leader Deborah Coley.With more than 30 years

Boosting credit scores helps borrowers secure better mortgage rates, with payment history and low credit utilization key to long-term savings.NEW YORK — Every American knows how critical their

With rates declining last week and mortgage applications for home purchases up, there's hope on the horizon for slow markets, NAR said.CHICAGO – Mortgage rates have dropped to their lowest

Retirees can remain in their homes longer by using smart technologies, safety upgrades and community programs to create a secure, supportive environment.NEW YORK – As retirees seek to remain

Homeowners can lower bills and conserve resources by choosing drought-tolerant landscaping and installing efficient appliances and low-flow toilets.NEW YORK – Reducing your home's water usage

Rates on 30-year mortgages fell to 6.58% from 6.63% last week while 15-year rates dropped to 5.71% from 5.75%, Freddie Mac said.MCLEAN, Va. — The average rate on a 30-year U.S. mortgage fell

Millennials and Gen Z are redefining housing with a focus on affordability, sustainability and digital ease, transforming the real estate market.NEW YORK — The North American residential real

Housing sentiment inched up as Fannie Mae’s index rose to 71.8. Job loss fears fell, home price and mortgage rate outlooks improved, but buying conditions declined.WASHINGTON — Consumers

Two-thirds (66%) of Gen Z are more concerned about housing security than a year ago, and nearly 1 in 3 (30%) have considered squatting or living in their car.ST. LOUIS — Though 90% of Gen Z

Rates on 30-year mortgages fell to 6.63%, the lowest since April, from 6.72% last week, while 15-year rates dropped to 5.75% from 5.85%.WASHINGTON — The average rate on a 30-year U.S. mortgage

Buyers have more options this fall as inventory grows. While prices may rise more slowly, high mortgage rates continue to weigh on affordability.NEW YORK — Homes are lingering on the market

Simple upgrades, including outdoor lighting and fencing, can help homeowners protect their investment while preserving comfort and style.NEW YORK — Your backyard should feel like an oasis

Strategic improvements, including fresh paint and energy efficient features, can help homeowners increase value, build equity and make their homes more marketable.NEW YORK — The value of your

Consumer sentiment rose slightly in July, with current conditions improving and inflation expectations falling. The overall outlooks remain cautious.WASHINGTON — Consumer sentiment improved

Realtors remain confident that sales will rebound, pointing to rising mortgage applications despite a 0.8% June decline nationwide.WASHINGTON – Pending home sales decreased by 0.8% in June

Rates on 30-year mortgages slipped to 6.72% from 6.74% last week while 15-year rates dropped to 5.85% from 5.87%, Freddie Mac said.WASHINGTON – The average rate on a 30-year U.S. mortgage

The Federal Reserve held interest rates at 4.3% for the fifth time this year, citing inflation concerns and tariff uncertainty. The economy grew 3% in Q2.WASHINGTON — The Federal Reserve left

Americans remain concerned about tariffs, but their confidence rose two points to 97.2 in July, up from 95.2 the previous month.WASHINGTON — Americans’ view of the U.S. economy improved

Homebuyers may soon be able to use cryptocurrency as part of their mortgage qualifications, under a new order for federally backed loan programs.WASHINGTON —The head of the federal government

Fannie Mae now sees slower home price growth and slightly lower mortgage rates through 2026, with modest gains expected in overall home sales.WASHINGTON — Mortgage rates are expected to end