The California State Senate voted 23-11 to approve a bill that opens a state program for down payment assistance to illegal immigrants. However, it is unclear whether Gov. Gavin Newsom will sign or veto the bill. AB 1840 would require the California Dream for All...
Federal Reserve Bank of Atlanta President Raphael Bostic is seeking to dial down the enthusiasm over a potential rate cut by the central bank next month, arguing there was no rush for such an action. Reuters reported that Bostic used a speech in Atlanta to declare he...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.35% as of Aug. 29, down from last week when it averaged 6.46%. A year ago at this time, it averaged...
The Denver Police Department has disputed reports that several local apartment complexes have been taken over by the Venezuelan gang Tren de Aragua after a video surfaced of gang members roaming through a building while openly carrying guns. In a statement shared on...
Pending home sales sank during July, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s a forward-looking indicator of home sales based on contract signings, dropped by 5.5% to 70.2 in July, the lowest...
The monthly housing payment for the typical starter home that sold in July was $1,981, up 4.4% from one year earlier, according to a new data report from Redfin (NASDAQ: RDFN). To afford a typical starter home, buyers must earn $79,252 annually, also up 4.4%...