Residential

A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people
A pilot program has been introduced in Los Angeles County that will encourage homeowners to build a second dwelling on their properties that will provide housing house homeless people.   According to a Los Angeles Daily News report, the county’s board of supervisors approved the program this week... Keep Reading....
Wells Fargo has quietly laid off 40 Des Moines-area employees in its home mortgage division.   The Des Moines Register obtained state records confirming the layoffs, which the San Francisco-headquartered company did not publicly announce. Wells Fargo is the largest employer in the Des Moines area... more
House for sale
Zillow Group CEO Spencer Rascoff is accusing Redfin of being “a threat to organized real estate,” adding that it seeks to run many agents out of business.   According to a Geekwire report of a Zillow conference call that was designed to announce the company’s second quarter earnings, Rascoff went... more
Nearly 60 percent of new and existing homes sold during the second quarter affordable to families earning the median income of $68,000, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index. This is slightly below the 60.3 percent of homes sold that... more
A new study issued by the real estate brokerage Redfin has determined African-American and Hispanic middle-class families are having difficulty in obtaining affordable homeownership options in many major metro areas
Mortgage applications for new home purchases in July were up 5.1 percent year-over-year but down 12 percent from the previous month, according to the Mortgage Bankers Association’s (MBA) latest Builder Applications Survey data.   The MBA estimated new single-family home sales were running at a... more