U.S. Housing Market
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
“If the Fed brings down mortgage rates, they can end this housing recession,” said Bessent. Continue Reading Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Bilt Adds Venmo for Housing Payment Options
Bilt will add Venmo to its existing payment options of ACH, debit, and any linked credit card. Continue Reading Bilt Adds Venmo for Housing Payment Options
Hits and Misses for the Real Estate Week of July 21-25
Cutting capital gains taxes on houses, cutting millions in consulting fees, and cutting out talk about property tax hikes. Continue Reading Hits and Misses for the Real Estate Week of July 21-25
Flood Insurance Relief Legislation Reintroduced in Congress
The bill’s proposed deduction would not apply to individuals who have a gross income of more than $200,000 or $400,000 for joint filers. Continue Reading Flood Insurance Relief Legislation Reintroduced in Congress
Deltec Homes Debuts New Hurricane-Resistant Housing Model
“We set out to create a smaller home that delivers world-class resilience and a truly elevated living experience,” said Meg Gore, CEO of Deltec Homes. Continue Reading Deltec Homes Debuts New Hurricane-Resistant Housing Model
Tech Trends: New Technology Helps You Really Know Your Customer
Truv is an open finance platform that enables financial organizations with access to every data source available. Continue Reading Tech Trends: New Technology Helps You Really Know Your Customer
Proptech NewHomesMate Expands Service to Atlanta
According to the company, NewHomesMate will help Atlanta-area builders improve the marketing of their properties. Continue Reading Proptech NewHomesMate Expands Service to Atlanta
Southern First Bancshares Opens Dream Mortgage Center
The center will provide homebuyer education and outreach in an underserved community of South Carolina. Continue Reading Southern First Bancshares Opens Dream Mortgage Center
NAR: Pending Home Sales Up in September
“Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” said Lawrence Yun, NAR chief economist. Continue Reading NAR: Pending Home Sales Up in September
Thompson Thrift to Construct 300-Unit Community in Suburban Orlando
Thompson Thrift plans to begin construction this month and welcome new residents beginning in late 2024. Continue Reading Thompson Thrift to Construct 300-Unit Community in Suburban Orlando
Automaker Fiat in Partnership on New Jersey Multifamily Complex
Fiat House will feature more than 300 rental residences with studio, one-bedroom and two-bedroom units. Continue Reading Automaker Fiat in Partnership on New Jersey Multifamily Complex
Mortgage Application Activity Continues to Slump
MBA’s Joel Kan said applications dropped “to the slowest weekly pace since 1995.” Continue Reading Mortgage Application Activity Continues to Slump
New Single-Family Home Sales Up Nearly 34% Year-Over-Year
The bulk of activity was focused in the South (with 456,000 houses sold last month) and the West. Continue Reading New Single-Family Home Sales Up Nearly 34% Year-Over-Year
‘Family Guy’ Takes Aim at Reverse Mortgages
A Tom Selleck parody convinced Peter Griffin to consider “Hey Alright Reverse Mortgages – or HARM.” Continue Reading ‘Family Guy’ Takes Aim at Reverse Mortgages
Federal Regulators Prepping Update to CRA
“We are still reviewing the nearly 1,500-page final rule released today,” said American Bankers Association President and CEO Rob Nichols. Continue Reading Federal Regulators Prepping Update to CRA
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