Featured Real Estate News
Report: Senators Opposed to Housing Reform Bill Received Hefty Donations from Institutional Investors
A new report has determined that the only 10 senators who voted against the bipartisan housing bill restricting the presence of large institutional investors in the single-family housing market are the recipients of generous 2024 election-cycle donations from the...
Report: Senators Opposed to Housing Reform Bill Received Hefty Donations from Institutional Investors
The senators either declined to comment or insisted their vote was not influenced by the campaign donations. Continue Reading Report: Senators Opposed to Housing Reform Bill Received Hefty Donations from Institutional Investors
New BOOSTzer.com Platform Offers Connections Between Cash Offer Investors and Home Sellers
The New York City-based start-up BOOSTzer.com has launched lead generation platform designed to connect real estate investors, wholesalers and flippers with home sellers actively seeking cash offers in off-market transactions. According to the company, sellers are...
Single-Family Housing Starts Down in January
Single-family housing starts in January were at a rate of 935,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This is 2.8% below the revised December figure of 962,000. Privately-owned housing starts in January...
Mortgage Rates Start Rising Again
Mortgage rates climbed in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. A year ago at this time, it averaged 6.65%. The 15-year...
News & Current Events
Senate Passes Bipartisan Housing Bill; Industry Leaders Offer Mixed Reaction
“It has been nearly two decades since Congress last enacted a sweeping, bipartisan housing law,” said NAR’s Shannon McGahn. Continue Reading Senate Passes Bipartisan Housing Bill; Industry Leaders Offer Mixed Reaction
Pass the Cheesecake, Rose! More People Over 65 Now Living in Roommate Settings
39% of roommate settings are multi-generational households, where the age difference between the oldest and youngest adult is 20 years or more. Continue Reading Pass the Cheesecake, Rose! More People Over 65 Now Living in Roommate Settings
Foreclosure Starts Surged by 14% Year-Over-Year
One in every 3,701 housing units had a foreclosure filing in February. Continue Reading Foreclosure Starts Surged by 14% Year-Over-Year
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Exclusive News
Supreme Court Voices Skepticism Over Trump’s Effort to Fire Fed Gov. Lisa Cook
“The real question is to what extent we believe the public is harmed to allow Ms. Cook to remain in post during the pendency of this case,” said Justice Jackson. Continue Reading Supreme Court Voices Skepticism Over Trump’s Effort to Fire Fed Gov. Lisa Cook
HUD Targets Minneapolis for Alleged Race-Based Housing Plans
The “Minneapolis 2040” plan was faulted for prioritizing housing resources to serve nonwhite residents. Continue Reading HUD Targets Minneapolis for Alleged Race-Based Housing Plans
Pending Home Sales Plummeted During December
On a regional basis, pending home sales were down in all four regions on a month-over-month measurement. Continue Reading Pending Home Sales Plummeted During December
Trump Commutes Sentence on Real Estate Developer Convicted in $50 Million Mortgage Fraud Scheme
Trump offered no explanation for this action, which was issued on Jan. 15 without an official announcement. Continue Reading Trump Commutes Sentence on Real Estate Developer Convicted in $50 Million Mortgage Fraud Scheme
Tampa Bay Rays in MOU to Build New Stadium on Hillsborough College Campus
The MOU also includes the creation of new facilities for Hillsborough College, which has 180 days to negotiate and approve a final agreement with the team. Continue Reading Tampa Bay Rays in MOU to Build New Stadium on Hillsborough College Campus
Sen. Warren Demands DOJ Records on Probe into Fed Chairman Powell
FHFA Director Bill Pulte claimed he was not involved in the DOJ’s actions, although several media reports cited him as being the instigator of the probe. Continue Reading Sen. Warren Demands DOJ Records on Probe into Fed Chairman Powell
Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
“My Administration will take decisive action to stop Wall Street from treating America’s neighborhoods like a trading floor and empower American families to own their homes,” said the president. Continue Reading Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
The FHA share of total applications decreased to 15.9% from 19.2% the week prior. Continue Reading Refinancing Inquiries Spark Upswing in Mortgage Application Activity
San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot Mall, to Permanently Close
The property was foreclosed on in November, selling for $134 million. Continue Reading San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot Mall, to Permanently Close