Consumer Financial Protection Bureau

Affordable, With Job and Population Growth…Winner Winner Chicken Dinner!

Today’s News Synopsis: What are the top 10 up-and-coming cities to buy rental property?  A major California bill that could have resulted in more affordable housing was rejected in its first committee hearing.  The Mortgage Bankers Association reported a 4.9% increase in mortgage applications from last week. In The News: Realtor.com – “Priced Out of …

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Accessible Data + Not Controlled By Anyone = Blockchain

Today’s News Synopsis: Blockchain to disrupt Real Estate in 2018.  After thirteen years of increase, the rental population decreased for the first time as rent prices continue to increase drastically.  Which mortgage rules could be seeing a change that borrowers need to be aware of? In The News: Freddie Mac – “STACR Debt Notes Again Receive Top …

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How Accurate Is Zestimate?

Today’s News Synopsis: It’s Zestimate not Exactimate.  The latest home price report from CoreLogic showed home prices increased 7% year-over-year in October and are projected to increase 4.2% by next October.  Even Zillow increased their expectations for home price growth in 2018. In The News: Freddie Mac – “Freddie Mac December Insight” (12-5-2017) “Freddie Mac (OTCQB: FMCC) released …

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Ready Or Not 2018 Is Around The Corner

Today’s News Synopsis: What are Realtor.com’s game-changing real estate trends for 2018?  The National Association of Realtors reported pending home sales increased 3.5% last month, although they are still lower than last year’s levels.  With more people renting and less being able to afford, renters are finding themselves spending on average $2,000 a year. In …

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Uptick In Sales At Home Depot Reflect Millennial DYI

Today’s News Synopsis: Millennials; More than just avocado toast and sandwiches says Home Depot.  In a breaking news story, Richard Cordray resigned as director of the CFPB.  Zillow expects to see suburban sprawl in 2018 as inventory continues to decline with more homeowners looking to remodel their homes rather than move. In The News: HousingWire – …

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“Taking MID Would Be Worthwhile On Only 5% of U.S. Homes” – Zillow

Today’s News Synopsis: Real Estate industry is weighing in on proposed tax changes.  Housing affordability is at its lowest in ten years according to the California Association of Realtors, down to 28% from the second quarter and 31% in the third quarter of 2016.  Home prices on metropolitan homes increased 5.3% in the quarter. In …

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Just Leave It By The Door. No, No, Just Inside The Door

Today’s News Synopsis: Amazon wants to let themselves in, with your permission of course.  New home sales increased 18.9% in September while pending sales decreased for the third straight month by 6%.  More and more people are choosing to rent as they are finding it more affordable. In The News: Freddie Mac – “New Freddie Mac …

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St. Petersburg May Be the First To Do So. Will Others Follow?

Today’s News Synopsis: Is mandatory solar on its way?  The National Association of Realtors reported pending homes sales decreased 0.8% in July, their fourth time in five months to decrease.  Freddie Mac reported another decrease in mortgage rates with 30-year rates now at 3.82% and 15-year rates 3.12%. In The News: National Association of Realtors – …

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