Fannie Mae, Freddie Mac announce revisions to condo insurance standards
Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance
The industry’s quiet first line of defense
Most professions get credit for what people can see them do. A surgeon’s skill is visible in the outcome. The engineer’s work shows up in the bridge that holds. In real estate, the closing table tends to get all the attention, from the signatures and the handshakes to the transfer of keys. What does
Older Americans maintain record share of housing wealth
Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% o
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