News Flash

There was more good news than not-so-great news to be culled from the morning’s housing data
Home Sales and Values Up, Mortgage Rates Down
There was more good news than not-so-great news to be culled from the morning’s housing data.   First, the good news: Sales of new single-family houses during February were at a seasonally adjusted annual rate of 592,000, according to... Read more
Where are the Millennials looking to buy a home
The Most Popular Millennial Housing Market Is …
Where are the Millennials looking to buy a home? According to Realtor.com, the answer is a mix of the usual Millennial magnet cities and a few surprising markets.   In rank order, Realtor.com’s new list of the Top Cities for Millennials... Read more
The Big Apple has become increasingly tastier for Russians in search of U.S. real estate
Hello, Comrade! More Russians Eyeballing NYC Real Estate
The Big Apple has become increasingly tastier for Russians in search of U.S. real estate, according to new data released by the residential start-up TripleMint.   In tracking inquiries from prospective international buyers searching the... Read more
The editorial board of the New York Times accused President Trump of using an ongoing court case regarding the constitutionality of the leadership structure of the Consumer Financial Protection Bureau (CFPB)
NY Times Accuses Trump of “Bigger Power Play” With CFPB Case
The editorial board of the New York Times accused President Trump of using an ongoing court case regarding the constitutionality of the leadership structure of the Consumer Financial Protection Bureau (CFPB) as a springboard for what it... Read more
The last full week of winter was chilly one for the home loan market, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 17
Mortgage Applications Take a Tumble
The last full week of winter was chilly one for the home loan market, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 17.   The Market Composite Index dropped by 2.7 percent on... Read more
Cash sales accounted for 33.1 percent of total home sales in December
One-Third of Home Sales Were All-Cash Transactions
Cash sales accounted for 33.1 percent of total home sales in December, down 1.3 percent year-over-year, according to new data from CoreLogic. For the full-year 2016, the cash sales share was 32.1 percent, 2.2 percent below the full-year... Read more
Existing-home sales fell by 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February from 5.69 million in January
Existing-Home Sales Drop 3.7 Percent
Existing-home sales fell by 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February from 5.69 million in January, according to new data from the National Association of Realtors (NAR). On a year-over-year measurement,... Read more
In keeping with their slogan, “multiply the good,” Ridgewood Savings Bank has teamed up with the New York Islanders
Ridgewood Savings Bank Partners With the New York Islanders on Charitable Initiatives
In keeping with their slogan, “multiply the good,” Ridgewood Savings Bank has teamed up with the New York Islanders, pledging to donate $10 to local charities for every save made by an Islanders goalie this season. So far, past the halfway... Read more
The ranking member of the House Financial Services Committee is aggressively pushing her Capitol Hill colleagues to impeach President Trump based on accusations of collusion
Rep. Waters on Trump: “Get Ready for Impeachment”
The ranking member of the House Financial Services Committee is aggressively pushing her Capitol Hill colleagues to impeach President Trump based on accusations of collusion between his 2016 election campaign and the Russian government.  ... Read more
Default rates on first and second mortgages were up slightly in February
Mortgage Default Rates Up Slightly
Default rates on first and second mortgages were up slightly in February, according to the latest S&P/Experian Consumer Credit Default Indices report.   The first mortgage default rate came in at 0.74 percent last month, up two basis... Read more