News Flash

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose two points in May
Builders Are Really, Really Confident in Housing
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose two points in May, the second highest reading since the 2008 downturn.   Two of the three HMI components were up this month: The index charting... Read more
Analysis: The NY Times’ Slam on Homeownership
Yesterday’s print edition of the New York Times Magazine featured the article “How Homeownership Became the Engine of American Inequality” by Matthew Desmond, a Harvard scholar and the author of the Pulitzer Prize-winning “Evicted: Poverty... Read more
San Francisco to Spend $44M on Teacher Housing
San Francisco has committed to spend $44 million to construct homes for its public school employees.   According to a San Francisco Examiner report, Mayor Ed Lee announced that the city will build building 135 affordable units at the... Read more
Finding the Best Markets for First-Time Buyers and Renters
Two new data reports offer strikingly different geographical points of interests for first-time homebuyers and recent college graduates seeking their first rental residences.   Zillow reports that two Florida markets, Orlando and Tampa,... Read more
Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Mortgage Rates Take an Uptick
Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), which covered the week ending May 11.   The 30-year fixed-rate mortgage (FRM) averaged 4.05 percent, up from last week when it averaged 4.02... Read more
The director of the Federal Housing Finance Agency (FHFA) urged Congress needs to take responsibility for housing finance reform
FHFA’s Watt: Congress Needs to Move on GSE Reform
The director of the Federal Housing Finance Agency (FHFA) urged Congress needs to take responsibility for housing finance reform and offer a strategy to end federal conservatorship of the government-sponsored enterprises (GSEs).   In an... Read more
In what is believed to be the first lawsuit of its kind, an Illinois homeowner is suing Zillow because the company’s Zestimate tool allegedly preventing the sale of her home
Homeowner Sues Zillow Over Disputed Zestimate
In what is believed to be the first lawsuit of its kind, an Illinois homeowner is suing Zillow because the company’s Zestimate tool allegedly preventing the sale of her home by repeatedly undervaluing the property.   According to a... Read more
Residential foreclosure activity last month dropped to its lowest level since November 2005
Foreclosure Activity at 12-Year Low
Residential foreclosure activity last month dropped to its lowest level since November 2005, according to new statistics released by ATTOM Data Solutions.   There were 77,049 foreclosure filings—including default notices, scheduled... Read more
Dart Appraisal Collecting Supplies for U.S. Troops
Dart Appraisal has teamed up with Operation Care Package of Michigan (OCPMI) to supply overseas troops with care packages throughout National Military Appreciation Month. OCPMI is a non-profit, volunteer-based organization that sends care... Read more
The Mortgage Bankers Association (MBA) took on the challenge of updating federal housing policy again with the release of the new white paper
The Best and Worst SFR Markets for Investors Are...
Yes, it’s time for another top 10 housing list—and today, the folks at HomeUnion are offering their lists for the top 10 best and worst housing markets for single-family rental (SFR) home investors during the first quarter.   For the 10... Read more