HUD Secretary Carson visits Columbus, Ohio

Ben Carson, secretary of the U.S. Department of Housing and Urban Development, is spending this week in Columbus, Ohio, on the fourth stop of his listening tour. After being appointed as HUD Secretary, Carson announced he would conduct a national listening tour to hear from the communities and see what’s working, and what isn’t. His first stop…

Consumer confidence slips lower in April

Americans waivered in their optimism as they were less confident in their future expectations, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch. The indexed slipped to 120.3, down from 124.9 in March. The Present Situation Index decreased from 143.9 in March…

New home sales soar above market expectations

New home sales soared in March, beating out experts’ expectations, but new homes for sale dropped, according to the report released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Sales of new single-family homes in March 2017 came in at a seasonally adjusted annual rate of 621,000, according…

FHFA: Home prices jump 6.4% annual in February

Home prices increased in February both month-over-month and annually, according to the Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index. Home prices rise 0.8% in February, the index shows, and the previous halt in January’s home price growth was revised upward to a 0.2% increase. Home prices increased 6.4% annually. But FHFA isn’t…

First American: Home affordability slips in February

A new report from Black Knight Financial Services showed home prices hit a new high in February, so it comes as no surprise that First American Financial Corp.’s latest report shows affordability slipped during the month. Real home prices increased 0.7% from January to February, according to First American’s index. This marks an increase of 11%…

RE/MAX and HouseCanary collaborate to provide agents with real estate data

RE/MAX and HouseCanary, a real estate data analytics company, announced a collaboration to provide agents with exclusive data to utilize when working with clients. HouseCanary is a real estate analytics company that provides values and forecasts for more than 18,000 U.S. residential markets and 100 million properties. Through the collaboration, RE/MAX agents can now use HouseCanary’s…

New Yorkers hit the streets to protest HUD budget cuts

New Yorkers gathered Thursday to protest President Donald-Trump’s proposed budget cuts to the U.S. Department of Housing and Urban Development. In Trump’s official proposal, the funding for HUD shaved off $6.2 billion from the department’s funding. Of course, Congress still needs to approve of the President’s budget before it is enacted. But today, citizens of…

Get ready: Congress fires up Dodd-Frank, CFPB overhaul

The Dodd-Frank doomsday clock just ticked a little closer to midnight. The Republican-crafted plan to overhaul the country’s financial regulatory system and overturn many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is now one step closer to becoming a reality, as House Financial Services Committee Chairman Jeb Hensarling, R-TX, announced Wednesday that…