Residential

Mortgage delinquencies during January were down by 8.6 percent from the previous month but were 1.3 percent higher than one year ago, according to new data from Black Knight Inc.
Mortgage delinquencies during January were down by 8.6 percent from the previous month but were 1.3 percent higher than one year ago, according to new data from Black Knight Inc.   January’s numbers were impacted by the tumult from Hurricanes Harvey and Irma: 146,000 loans remain delinquent as a... Keep Reading....
Seattle Mayor Jenny Durkan has announced that the city will allocate a record level of $100 million in affordable-housing projects in the coming year
Seattle Mayor Jenny Durkan has announced that the city will allocate a record level of $100 million in affordable-housing projects in the coming year, including 26 homes for first-time homebuyers plus nine new apartment buildings.   According to a Seattle Times report, the nine new multifamily... more
The Los Angeles City Council voted to create a new linkage fee on real estate development to finance new affordable housing
The Los Angeles City Council voted to create a new linkage fee on real estate development to finance new affordable housing.   The Los Angeles Times reports that the fee’s proponents insisted that this will raise $100 million a year. The fee, which goes into full effect in 2019, will require... more
The national trend of rent increases hit a tiny roadblock in the latest data report from ADOBO, which found February’s rent average down by a scant 0.2 percent
The number of single-family homes that used as rental properties increased by 5 million between 2006 and early 2017, according to new data by Zillow. As a result of this shift toward renting out single-family houses, approximately 270,000 fewer homes are being sold each year compared to 2006, or... more
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders.   The Folsom, Calif.-based lender has hired Diane Cimarusti-Galigher, a former Senior Vice President at BD Holdings, as the Division’s Regional Builder Manager for... more