U.S. Housing Market
DC Attorney General Files Lawsuit to Dismantle ‘Slumlord Empire’
In his lawsuit, Schwalb alleged the Razjooyans have violated the District’s Consumer Protection Procedures Act, the District’s False Claims Act, and the federal RICO Act. Continue Reading DC Attorney General Files Lawsuit to Dismantle ‘Slumlord Empire’
NAMB Releases White Paper on Solving Affordable Homeownership Challenges
NAMB seeks legislative change regarding Mortgage Loan Originator compensation reform and reauthorization of the National Flood Insurance Program. Continue Reading NAMB Releases White Paper on Solving Affordable Homeownership Challenges
Report: Most Housing Discrimination Complaints Were Disability Related
Complaints based on national origin rose 8.45% from the previous year, marking the highest number since 2018. Continue Reading Report: Most Housing Discrimination Complaints Were Disability Related
NYC Voters Approve Proposals to Streamline Affordable Housing Development
All three proposals passed with more than 56% of voter approval. Continue Reading NYC Voters Approve Proposals to Streamline Affordable Housing Development
FHLBank Topeka Awards $5 Million in Native American Housing Grants
This year’s grants are being presented to 16 tribes and tribally designated housing entities in Colorado, Kansas, Nebraska, and Oklahoma. Continue Reading FHLBank Topeka Awards $5 Million in Native American Housing Grants
Builder Confidence Grows Increasingly Pessimistic
“Builders have reported lower levels of buyer traffic,” said NAHB Chairman Alicia Huey, Continue Reading Builder Confidence Grows Increasingly Pessimistic
Existing Homes Sales Down During September
First-time buyers were responsible for 27% of sales in September, down from 29% in the prior month and one year earlier. Continue Reading Existing Homes Sales Down During September
Fox News’ Bret Baier Lists His Washington Mansion at $31.9 Million
Baier and his family have lived in the mansion since April 2022. Continue Reading Fox News’ Bret Baier Lists His Washington Mansion at $31.9 Million
Tech Trends: Plunk Enables You to Look at Residential Real Estate in a Whole New Way
“The more we looked at the residential real estate market, the more we got convinced it was broken,” said David Bluhm, Plunk co-founder and president. Continue Reading Tech Trends: Plunk Enables You to Look at Residential Real Estate in a Whole New Way
ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
On April 23, 2021, ACI Payments erroneously used live customer data in a test of its Speedpay platform. Continue Reading ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs
DPA One is available at no cost to lenders, housing counselors and down payment assistance program providers. Continue Reading Freddie Mac Debuts Tool to Match Borrowers with Down Payment Assistance Programs
Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home
Buyers “should think outside the box,” said Redfin Economics Research Lead Chen Zhao. Continue Reading Homebuyers Need to Earn $114,627 to Afford a Median-Priced Home
RE/MAX: September’s Median Sales Price Was $415,000
Homes sold for an average of 99% of the listing price in September. Continue Reading RE/MAX: September’s Median Sales Price Was $415,000
Housing Starts Up in September
Single‐family authorizations in September were at a rate of 965,000, up 1.8% from the revised August figure of 948,000. Continue Reading Housing Starts Up in September
Mortgage Application Activity Sinks to 28-Year Low
“The ARM share was 9.3%, the highest share in 11 months,” said the MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks to 28-Year Low
