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Results: 1390 Articles found.
May 2017

Housing Inventory Reaches 10-year Low

The inventory of for-sale housing is at its lowest point in a decade, which is causing home prices to outpace incomes and creating difficulty for prospective buyers, Freddie Mac reported April 18 in its monthly outlook. Based on tight inventory, Freddie predicts a drop in home sales for the year.

 

May 2017

Tampa Named Nation’s Hottest Real Estate Market

Tampa, Florida, topped the list of hottest real estate markets due to strong employment numbers and rising property values, online real estate marketplace Ten-X reported April 12. Dallas and Columbus, Ohio, rounded out the top three.

 
May 2017

Vacation Home Sales Drop in 2016

Sales of vacation homes fell 21 percent between 2015 and 2016 as home prices rose and availability dropped, the National Association of Realtors reported April 11. Many vacation homebuyers have been replaced by traditional buyers looking to live in areas traditionally known as vacation destinations.

 

May 2017

Infrastructure Bill May Include HUD Funding, Agency Reports

The Trump administration will seek to add housing funding to its upcoming infrastructure spending bill, according to U.S. Department of Housing and Urban Development Secretary Ben Carson, The Washington Post reported April 3. President Trump reportedly is considering cutting $6 billion from the HUD budget.

 
May 2017

Chase Says Servicing Rule Changes May Add $300B in Mortgages

JPMorgan Chase sees the possibility of generating an additional $300 billion in mortgages annually if the U.S. Department of the Treasury and government agencies established service standards to simplify mortgage origination and servicing, according to Chase CEO Jamie Dimon, HousingWire reported April 4.

 

May 2017

Comp Data in Appraisal Reports Mostly Accurate: CoreLogic

Data in the MLS accurately matched public-record data 91 percent of the time, according to a CoreLogic study on the accuracy of comparable property data used in appraisal reports. The March 23 study showed that 6 percent of the time, data showed property price discrepancies of less than 0.25 percent.

 
May 2017

Appraisal Institute Supports Legislation to Modify PACE Loans

The Appraisal Institute was among more than two dozen real estate trade organizations April 24 announcing their support of S 838/HR 1958, the Protecting Americans from Credit Entanglements Act of 2017 – legislation that would modify consumer protection requirements for Property Assessed Clean Energy loans, known as PACE loans.

 

May 2017

House Introduces Another Alternative to Dodd-Frank, CFPB

The House Financial Services Committee on April 19 unveiled the updated version of the Financial CHOICE Act, which would replace the Dodd-Frank Act and significantly alter the Consumer Financial Protection Bureau, HousingWire reported. A hearing to discuss the Act is scheduled for this week.

 
May 2017

AI Tells Congress Appraiser Independence Critical to VA Home Loans

Appraisal Institute Vice President Stephen S. Wagner, MAI, SRA, AI-GRS, testified at an April 4 Congressional subcommittee hearing on Capitol Hill, urging Congress to protect the independence of real estate appraisers in the federal program that provides housing loans to military veterans.

 

May 2017

Trump to CEOs: Dodd-Frank is Target for Major Overhaul

President Trump told a gathering of CEOs at the White House April 4 that the era of "horrible regulations" is coming to an end, specifically citing the Dodd-Frank Act as a target for regulatory reform, HousingWire reported. The president said he sees Dodd-Frank as an impediment to the banking industry.

 
Results: 1390 Articles found.

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