News Flash

The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration
Report: Cohn to Remain in White House
The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration.   According to a Bloomberg report, an unnamed... Read more
A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people
L.A. Program Encourages Homeowners to Shelter the Homeless
A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people.   According to a Los Angeles Daily News report, the... Read more
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
Redfin: Inventory Shrinkage Jacked Up July’s Home Prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year... Read more
Dr. Ben Carson, the new Secretary of Housing & Urban Development (HUD) and the sole African-American in President Trump’s cabinet
HUD Secretary's Home Vandalized with Anti-Trump Graffiti
If you thought that you could escape the belated sequel to the Civil War by reading this media resource, we’re sorry to disappoint you. However, there is a housing element to be found in this current news stream. In a posting on Facebook... Read more
Single-family housing starts in July were at a rate of 856,000
RE/MAX: Home Sales Down, But Prices Soar
Home sales during July dropped 0.8 percent year-over-year and plummeted by 15.8 percent compared to June, but the median sales price of $239,500 was up 7.4 percent from one year earlier, according to new data from RE/MAX.   Nineteen of... Read more
Wells Fargo has named former Federal Reserve Governor Elizabeth Duke to become its next chairman
Former Fed Governor Named Chairman of Wells Fargo
Wells Fargo has named former Federal Reserve Governor Elizabeth Duke to become its next chairman, effective Jan. 1. With this appointment, Duke makes history as the first woman to chair a major national bank.   Duke succeeds Stephen W.... Read more
Potential homebuyers who want to protect themselves from the potential shower of North Korean nuclear missiles are out of luck
Listed Homes With Bomb Shelters in Very Short Supply
Potential homebuyers who want to protect themselves from the potential shower of North Korean nuclear missiles are out of luck: A new study by Estately found there are only 47 homes on the market today that come with their own bomb... Read more
A panel of more than 100 real estate experts and economists assembled by Zillow looked into the future and see a recession looming on the far horizon
Zillow Panel Predicts a Recession by 2020
A panel of more than 100 real estate experts and economists assembled by Zillow looked into the future and see a recession looming on the far horizon.   The latest Zillow Home Price Expectations Survey forecast a 73 percent chance that the... Read more
Single-family housing starts in July were at a rate of 856,000
Housing Starts Down in July
Single-family housing starts in July were at a rate of 856,000, which is 0.5 percent below the revised June figure of 860,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Privately-... Read more
Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11
Mortgage Applications Inch Upward
Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11.   The Market Composite Index saw a miniscule 0.1 percent uptick on a seasonally adjusted basis from... Read more