True jumbo-sized mortgages (anything over $822,375 for Fan-Fred or $937,500 for UWM) tend to come with higher interest rates. The median price of an existing single-family home has risen more than $200,000 in the same period - almost $2,000 a week. Jeff Collins, a housing reporter here at the Southern California News Group, reported Thursday that price gains have been in the double digits for two years, rising 11.3% in 2020, and an estihomated 20.3% this year. It’s worth noting that home prices have increased at a record-breaking pace in the pandemic year. Bubble watch: 59% chance Southern California home prices fall in autumn chill.Southern California housing inventory down 13% in a year.Bubble watch: Buying binge eats up 96% of homes for sale.Barbara Corcoran of ‘Shark Tank’ says most are ‘priced out’ of housing market.Home price gains to subside in 2022, Realtors forecast.Mortgage lenders boosting jumbo loan limits 2 months before regulator – Orange County Register
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