Recent Real Estate News
First American: Home affordability slips in February
As home prices reached all new peaks and interest rates remain above levels seen last year, affordability decreased in February. Unlike home prices, affordability remains well below its pre-crisis peak and even historical norms.RE/MAX and HouseCanary collaborate to provide agents with real estate data
RE/MAX and HouseCanary announced a collaboration to provide agents with exclusive data. 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. Want to know what a home will be worth in two years? RE/MAX agents now know.[Charts] Black Knight: Home prices hit new peak in February
Black Knight released a new report showing home prices increased in February to a new peak. Some states increased to a peak, however others remain a full 20% before previous peaks. The report breaks down the top metros with home price increases and those with the greatest drops.Here's a detailed breakdown of Ocwen's new restrictions by state
The servicing issues at Ocwen Financial are allegedly so widespread that some states are placing stricter restrictions on the nonbank, beyond freezing the company’s ability to acquire new mortgage servicing rights and originate new mortgage loans. In fact, in one state, Ocwen has basically been put of out business entirely.NAHREP stands behind Mortgage Banker Association proposition for GSE reform
The National Association of Hispanic Real Estate Professionals issued a statement supporting the Mortgage Bankers Association’s proposal for GSE reform. NAHREP stressed that it supported the MBA’s focus on affordable housing, which would help Hispanics who make up 40% of the U.S. first-time homebuyer population.Opinions conflict: Will low inventory hold back future home sales?
After the National Association of Realtors released its report showing strong existing home sales but struggling inventory levels, experts chimed in on what that means for the spring home-buying season and for the rest of 2017. Their opinions, however, differed.Existing home sales soar to highest pace in more than a decade
Existing home sales increased in March to the highest pace in more than a decade and home were sold significantly faster than last month and last year. However, one factor continues to put pressure on home buyers and hold back home sales: inventory. NAR’s chief economist explains that unless the market sees new inventory soon, home price increases will continue to outpace incomes.New Yorkers hit the streets to protest HUD budget cuts
New Yorkers marched Thursday through the streets to protest President Trump’s budget, specifically the section that proposes to cut $6.2 billion from HUD funding. Even one of New York’s own representatives joined the gathering, calling for no cuts.Mild winter gives spring home remodeling a head start
A new report from NAHB shows remodeling is on the rise, getting an early start this spring after a mild winter. Many homebuyers are taking out HELOCs for remodeling purposes as the loan rises in popularity with the fall of refinances. However, experts explain there is one problem blocking the new trend.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 the House of Representatives is set to consider the Financial CHOICE Act.