Department of Housing and Urban Development

Icebreakers Even Introverts Can Pull Off!

Today’s News Synopsis: How can you meet your neighbors?  HUD and the Commerce Department reported a 1.9% increase in housing starts last month.  Apparently, the housing market right now is the most “competitive in history” according to homebuyers. In The News: NAHB – “Housing Starts Rise 1.9 Percent on Multifamily Surge” (4-17-2018) “Gains in multifamily …

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Purge That Pigsty!

Today’s News Synopsis: Does your garage need to be decluttered?  What are 8 real estate practices the industry needs to stop doing?  8 professionals in the field share their thoughts.  With all the talk of where Amazon will have their second headquarters, a bigger topic of discussion now is how this will affect rents in …

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Real Estate Agents Using Movies to Sell Their Luxury Homes

Sources: CoreLogic Reports Mortgage Credit Risk Edges Up Slightly May home sales and price report Mortgage Rates Continue to Hold The Cost of Living Is Quickly Rising in These 10 US Cities These cities saw house prices fall in spite of national trend Number of Homes for Sale Drop at Fastest Pace in Four Years …

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Construction on Multifamily Properties Decreased 2.6% Last Month

Today’s News Synopsis: Construction on multifamily properties decreased 2.6% last month according to HUD and the Commerce Department.  Mortgage delinquency rates decreased to 4.71% at the end of the first quarter of 2017 according to the Mortgage Bankers Association.  Fannie Mae released their latest Economic and Housing Outlook, showing they expect the second quarter to …

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Construction on Single-Family Homes Decreases in March By 6.8%

Today’s News Synopsis: The latest S&P Dow Jones Indices and Experian data showed a small increase in mortgage default rates, up one basis point to .75% in March.  Construction on single-family homes decreased in March by 6.8% after showing positive numbers in February.  Bank of America reported a 40% increase in their profits with their …

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Townhouses Becoming the New Popular Homes

Today’s News Synopsis: The latest Home Price Report from CoreLogic showed a 7% year-over-year and 1% month-over-month increase in home prices in February, and they are expected to increase 4.7% by next year.  The Commerce Department reported the construction of new homes are both adding to a stronger economy and adding more jobs.  Townhouses are …

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CAR Releases Latest Home Sales and Price Report for February

Today’s News Synopsis: CAR released their latest home sales and price report for February, showing a 4.7% month-over-month decrease but 4.9% year-over-year increase for existing sales and a 2.2% month-over-month decrease and 7.6% year-over-year increase in median price.  Housing starts on single-family properties increased by 3% across the nation to their highest in 10 years. …

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CAR Reports 1.9% Increase in Pending Home Sales for December

Sources: Bank Card Default Rate Hits 42-Month High in January 2017 According to S&P/Experian Consumer Credit Default Indices US existing home sales hit 10-year high in January Mortgage Applications Decrease in Latest MBA Weekly Survey December pending home sales and Market Pulse Survey U.S. House Prices Rise 1.5 Percent in Fourth Quarter Continued Uncertainty Causes …

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to 1.246 million units.  Housing affordability …

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New Home Sales of Single-Family Homes Increase to Highest in 10 Years

Sources: Equity Gains Fuel Rise in Housing Market Value Why the supply of homes for sale is the lowest since 1999 Cash and Distressed Sales Update: October 2016 Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains Mortgage Rates Rise for First Time …

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