News Flash

A coalition of nearly 60 housing, real estate and consumer trade groups have called on the Senate leadership to prioritize a vote on Pam Patanaude as Deputy Secretary of Housing & Urban Development (HUD)
Trade Groups Urge Senate to Vote on Patanaude’s HUD Nomination
A coalition of nearly 60 housing, real estate and consumer trade groups have called on the Senate leadership to prioritize a vote on Pam Patanaude as Deputy Secretary of Housing & Urban Development (HUD).   In a letter to Senate... Read more
Home loan application activity was on the rise during the final stretch of August, according to Mortgage Bankers Association (MBA) for the week ending Sept. 1
Refinancing Fuels Mortgage Application Uptick
Home loan application activity was on the rise during the final stretch of August, according to Mortgage Bankers Association (MBA) for the week ending Sept. 1. However, much of this activity was fueled by refinancing, which now accounts... Read more
When it comes to enjoying a return on investment for a home purchase, West Coast homeowners are reaping the greatest financial harvest
West Coast Home Sellers Get Biggest Returns on Property Investment
When it comes to enjoying a return on investment for a home purchase, West Coast homeowners are reaping the greatest financial harvest.   According to new data from Zillow, the typical seller in Oakland sold their home for an average of $... Read more
The national median rent reached $1,081 in September, its highest point of the year, according to new data from ABODO
National Median Rent Hits 2017 High
The national median rent reached $1,081 in September, its highest point of the year, according to new data from ABODO. Since January’s mark of $1,016, the national median rent has increased by 0.2 percent during the first nine months of... Read more
The Director of the Consumer Financial Protection Bureau (CFPB) took a sharp jab at his agency’s detractors
In Labor Day Speech, Cordray Still Avoids Revealing Political Plans
In one of the closest watched speeches delivered over the Labor Day holiday, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray spoke the language of a liberal political candidate without formally announcing he was... Read more
Home prices during July rose 0.9 percent from June and were up 6.7 percent from July 2016, according to new data from CoreLogic
CoreLogic: Home Prices Up 6.7 Percent YoY
Home prices during July rose 0.9 percent from June and were up 6.7 percent from July 2016, according to new data from CoreLogic.   Washington and Utah had the greatest year-over-year home price increases in July, up 12.9 percent and 10.8... Read more
A college in South Carolina is now offering students an undergraduate degree in commercial real estate finance
S.C. School Offers B.A. in CRE Finance
A college in South Carolina is now offering students an undergraduate degree in commercial real estate finance.   According to a report in the Post and Courier, the College of Charleston's School of Business introduced its new Bachelor's... Read more
CoreLogic has updated its residential loss estimates for Hurricane Harvey, placing the estimated insured flood loss for homes in the 70-county area in Texas and Louisiana affected by the storm between $6.5 billion and $9.5 billion
CoreLogic Updates Estimated Flood Insurance Losses From Harvey
CoreLogic has updated its residential loss estimates for Hurricane Harvey, placing the estimated insured flood loss for homes in the 70-county area in Texas and Louisiana affected by the storm between $6.5 billion and $9.5 billion.... Read more
Carrington Charitable Foundation (CCF), the non-profit organization of The Carrington Companies, conducted its annual Boxes for Our Troops Challenge, collecting nearly 2,400 care packages for active duty service members deployed around the world
Carrington Charitable Foundation Collects Care Packages for Active Servicemembers
As part of its commitment to supporting U.S. military men and women, Carrington Charitable Foundation (CCF), the non-profit organization of The Carrington Companies, conducted its annual Boxes for Our Troops Challenge, collecting nearly 2,... Read more
Average mortgage rates continued to drop, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending Aug. 31
Mortgage Rates Down Again
Average mortgage rates continued to drop, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending Aug. 31.   The 30-year fixed-rate mortgage (FRM) averaged 3.82 percent, down from last week when it averaged 3.... Read more