News Flash

Mortgage applications for new home purchases in June were up four percent from May and up 10 percent compared to June 2016, according to the latest Builder Application Survey released by the Mortgage Bankers Association (MBA
Mortgage Applications on the Rise in June
Mortgage applications for new home purchases in June were up 10 percent compared to June 2016, according to the latest Builder Application Survey released by the Mortgage Bankers Association (MBA). However, on a month-over-month... Read more
The nation’s oldest surviving log cabin is now available for purchase
America’s Oldest Log Cabin is Up for Sale
The nation’s oldest surviving log cabin is now available for purchase.   According to a Realtor.com report, the Nothnagle Log Home in Gibbstown, N.J., is on the market for $2.9 million. The property includes a 352-square-foot log cabin... Read more
Newcomers to the housing market will find more financially favorable opportunities in Texas and much, much fewer in California, according to new data from WalletHub
The Best Market for First-Time Homebuyers Is …
Newcomers to the housing market will find more financially favorable opportunities in Texas and much, much fewer in California, according to new data from WalletHub.   In an analysis of 300 cities using criteria ranging from housing... Read more
Mortgage credit availability saw the scantest of increases last month, according to new data released by the Mortgage Bankers Association (MBA)
Mortgage Credit Availability Up by 0.1 Percent
Mortgage credit availability saw the scantest of increases last month, according to new data released by the Mortgage Bankers Association (MBA).   The Mortgage Credit Availability Index (MCAI) recorded a tiny 0.1 percent increase in June,... Read more
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)
CFPB Considers Altering HELOC Reporting
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs).   Under rules that are scheduled to take effect... Read more
June home sales were up 7.5 percent from May and were up 1.4 percent on a year-over-year measurement
RE/MAX: Median Sales Price Hits Record High
June home sales were up 7.5 percent from May and were up 1.4 percent on a year-over-year measurement, according to the latest RE/MAX National Housing Report. Thirty of the 53 metro areas tracked by RE/MAX experienced year-over-year sales... Read more
A new Politico report is claiming that President Trump is favoring National Economic Council Director Gary Cohn to take over as chairman of the Federal Reserve
Report Pegs Gary Cohn as Yellen Replacement
A new Politico report is claiming that President Trump is favoring National Economic Council Director Gary Cohn to take over as chairman of the Federal Reserve when Janet Yellen’s term expires next year.   The report, which cites “four... Read more
Home prices in June increased by 7.3 percent to a median sale price of $298,000
Redfin: Home Prices Hit New High
Home prices in June increased by 7.3 percent to a median sale price of $298,000, according to new data from Redfin. Last month’s national median sale price was the highest that Redfin recorded since it began tracking the market in 2010.... Read more
San Diego can expect to see an exodus of seniors and families over the next three years due to the severity of the local housing market, according to a new report from the Regional Chamber of Commerce
New Study Details San Diego Housing Crisis
San Diego can expect to see an exodus of seniors and families over the next three years due to the severity of the local housing market, according to a new report from the Regional Chamber of Commerce.   “We’ve got a critical shortage... Read more
The San Francisco Board of Supervisors has issued a proposal that would enable a family of at least two people who collectively earn $138,400 or less per year to qualify for a home purchase under the City’s definition of affordable housing, while a single
San Francisco Redefines Affordable Housing Eligibility
The San Francisco Board of Supervisors has issued a proposal that would enable a family of at least two people who collectively earn $138,400 or less per year to qualify for a home purchase under the City’s definition of affordable housing... Read more