Former secretary of the Department of Housing and Urban Development Julián Castro announced Thursday that he is ending his presidential campaign bid. The Democratic candidate said in October that he could soon see a drop out of the race if he didn’t raise enough money. Castro said his campaign needed
Read more
Did you think, for real, that you were getting the $125 Equifax promised to pay for its failure to protect your private information? Update: you’re not. Remember, the choice provided to more than 147 million victims as part of the company’s $700 million settlement in July was: A) sign up
Read more
With the calendar now officially flipped to 2020, Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few days ago. That’s because the 2020 loan limits for each of those agencies are now in effect. And each of the agencies’
Read more
In the first week of the year, the average U.S. fixed rate for a 30-year mortgage averaged 3.72%. Not only is this percentage below the previous week’s average, but it’s also nearly 80 basis points below the 4.51% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “As investors kept
Read more
As the 2020 presidential election heats up, the numerous candidates are tackling the issues at hand, and while it may seem like affordable housing and housing in general have been on the back burner for most candidates so far, that doesn’t mean that they’ve all been silent about housing to this
Read more
People who have followed my work over the years know that I have railed against the student loan debt crisis in this record-breaking expansion for many years. I believe, like most political-economic stories, things get exaggerated. Again, dear chickens, it might be raining but please don’t confuse that with a
Read more
Late last week, reports began to emerge that CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, was planning to close up shop. Now, the company has confirmed that it is shutting down in a matter of days.
Read more
The Austin Board of Realtors reportedly reached a settlement with CoreLogic over claims that the data provider was improperly selling home sales data to the local appraisal district. The details of the settlement come courtesy of Austin’s KXAN, which recently reported that the ABoR sent a letter to its members
Read more
Multifamily housing has seen a lot of change and adaptation this decade. The 2020 Apartment Resident Preferences Report released by the National Multifamily Housing Council and Kingsley Associates collected input from renters all across the U.S. The report found many differences in the way we live now. From smart home
Read more
Foreclosure starts are now at the lowest level of the millennium, according to a new report from Black Knight. November’s foreclosure starts marked a 26% decline from last year’s total. This is the lowest monthly volume since Black Knight began recording the metric in 2000, the company said. Nationally, the
Read more
Home prices increased in October, rising only 0.2% from the previous month but up 5% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to or guaranteed by, Fannie Mae and Freddie Mac. Because of
Read more
October 2019 saw an annual increase of 3.3% for home prices across the country, rising from last month’s pace, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. During the month, the 10-City and 20-City composites reported a 1.7% and 2.1% year-over-year increase, respectively. And eight of 20 cities reported increases before seasonal
Read more