News Flash

Lodging Sector Profits Grew in 2016
The U.S. hotel industry recorded its seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth, according to the 2017 edition of Trends in the Hotel Industry by CBRE Hotels’ Americas Research... Read more
The Independent Community Bankers of America (ICBA) has become the latest trade group to offer a white paper offering a strategy to resolve the future of the government-sponsored enterprises (GSEs)
ICBA Offers GSE Reform White Paper
The Independent Community Bankers of America (ICBA) has become the latest trade group to offer a white paper offering a strategy to resolve the future of the government-sponsored enterprises (GSEs).   In its white paper, the ICBA proposes... Read more
Home Sales and Prices Continue to Rise
Today’s housing data numbers reaffirm a situation that has become the new normal: Home sales and home prices are showing no signs of declining.   New home sales of new single-family houses in March were at a seasonally adjusted annual rate... Read more
Most Americans Predict House Price Increases in Near-Future
A new Gallup poll found 61 percent of Americans believe housing prices in their area will rise in the next 12 months, a six percent point increase from a similar poll conducted last year. Twenty-eight percent of the poll’s respondents... Read more
Real house prices increased in February by 0.7 percent from January and by 11 percent year-over-year
YoY Real House Prices Up 11 Percent
Real house prices increased in February by 0.7 percent from January and by 11 percent year-over-year, according to the latest house price index report from First American Financial Corp.   During February, home prices were 32.8 percent... Read more
Today’s housing data news is not particularly new—home prices are up again
Guess What? Home Prices Are Still Going Up
Today’s housing data news is not particularly new—home prices are up again.   According to new data from Black Knight Financial Services (BKFS), home prices hit another peak in February. Black Knight’s Home Price Index reached $268,000... Read more
Now, here is something that you don’t see every day: An entire town is up for sale
Oregon Town for Sale at $3.5M
Now, here is something that you don’t see every day: An entire town is up for sale.   According to an Associated Press report, a $3.5 million price tag is placed on Tiller, Ore. The purchase of this one-time timber center in southwestern... Read more
April was a sluggish month for the apartment rental business, according to the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions
Apartment Market Mostly Flat in April
April was a sluggish month for the apartment rental business, according to the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions.   All four NMHC indexes used to measure the market saw increases... Read more
Ridgewood Savings Bank Donates 20 Islanders Tickets to Providence House
The last game of the Islanders’ season may have had little impact on the playoff picture, but for those who attended from Providence House it was a great way to feel connected to the community. For the final event of the New York Islanders... Read more
The mortgage delinquency rate in March fell 14 percent on a month-over-month measurement
Mortgage Delinquency Rate at 11-Year Low
The mortgage delinquency rate in March fell 14 percent on a month-over-month measurement, reaching its lowest level since March 2006, according to new data from Black Knight Financial Services (BKFS). The March mortgage delinquency rate is... Read more