Top Headlines
Compass Adds Tennessee Brokerage Parks Real Estate
Parks Real Estate employs over 1,500 agents and generated $6.25 billion in 2023 transaction. Continue Reading Compass Adds Tennessee Brokerage Parks Real Estate
Ex-HUD Secretary Fudge Joins Taft Law Firm
Fudge will also serve as the law firm’s chairwoman of public policy. Continue Reading Ex-HUD Secretary Fudge Joins Taft Law Firm
Household Debt Reached $17.5 Trillion in Q4 2023
Mortgage balances rose by $112 billion from the previous quarter and stood at $12.25 trillion at the end of December. Continue Reading Household Debt Reached $17.5 Trillion in Q4 2023
John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died
Gorman started his career at CSBS in 1996 and served as its general counsel for the last 15 years. Continue Reading John ‘Buz’ Gorman, Longtime General Counsel for the CSBS, Has Died
A Phil Hall Op-Ed: Four More Years of Jerome Powell?
Editor Phil Hall considers the Trump and Biden approaches to giving Jerome Powell another four years at the Fed helm. Continue Reading A Phil Hall Op-Ed: Four More Years of Jerome Powell?
Supply of homes for sale fell by almost 30 percent year on year, the largest amount on record
Source: NBC News --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
Do buyers stand a chance in this heated real estate market?
Source: OC Register --- I read with great interest last week, Leslie Eskildsen’s column on a relatively new residential listing class known as Registered Status. If your unfamiliar – as was I – here are the Clif notes. A seller hires a broker to sell his house by...
New home sales battle: mortgage rates vs. lumber supply
Source: Housing Wire --- Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous...
U.S. Home Prices Surge Most Since 2006 With Tight Inventory
Source: Bloomberg --- U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12% in February from...
FHFA releases new refi option for low-income borrowers
Source: Housing Wire --- Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by...
CFPB Delays Mandatory Compliance Date for General Qualified Mortgage Final Rule
Source: CFPB --- WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The CFPB is taking this action to help...
U.S. Housing Shortage Increases in March, Driving Prices Up 18 Percent
Source: The World Property Journal --- U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625--an all-time high. Mortgage purchase applications increased 6% week over week (seasonally adjusted). For...
Will the Housing Market Maintain Its Momentum?
Source: Keeping Current Matters--- Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as...
There’s More To A Commercial Real Estate Loan Than Interest Rate
Source: Forbes --- When shopping for commercial real estate financing, it all comes down to the numbers. There's one figure that borrowers tend to view with laser focus: the interest rate. But the cost of commercial financing is only one side of the equation. The real...
Red hot real estate markets have turned surprising profits for unintentional property flippers
Source: CNBC --- Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call.
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