Mortgage application activity revved up for the week ending June 27 thanks to an increased level of refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
Oregon Gov. Tina Kotek has launched the Housing Accountability and Production Office (HAPO) to address the state’s housing shortage. HAPO was created last year through Senate Bill 1537 and will investigate complaints of non-compliance and work with local governments...
Missouri House Speaker Jon Patterson announced the launch of a Special Interim Committee on Property Tax Reform, along with a schedule for public meetings to discuss the topic. KSHB.com reports Patterson, a Republican, will call on Gov. Mike Kehoe to request a special...
The median condo sale price in May was $354,1000, a 2.2% year-over-year decline and the second largest drop since data recording began in 2012, according to a new report by Redfin. The only time condo prices posted a larger year-over-year decline was the 2.95 drop in...
Detroit-headquartered Rocket Companies (NYSE: RKT), has completed its $1.75 billion acquisition of Redfin. With the closure of the acquisition, Redfin has adopted a new brand identity as “Redfin Powered by Rocket.” The companies also introduced Rocket Preferred...
California Gov. Gavin Newsom signed legislation that enacts major changes to the California Environmental Quality Act (CEQA) that are designed to increase the availability of affordable housing across the state. KCRA reports the new law takes effect today and will...
