News Flash

The Department of Housing and Urban Development (HUD) has filed a formal complaint against Facebook for allegedly violating the Fair Housing Act by enabling housing discrimination in its advertising platform
HUD Files Fair Housing Complaint Against Facebook
The Department of Housing and Urban Development (HUD) has filed a formal complaint against Facebook for allegedly violating the Fair Housing Act by enabling housing discrimination in its advertising platform.   In its complaint, HUD stated... Read more
Approximately 14 percent of all home listings had a price cut in June, according to new data from Zillow
More Home Listings are Cutting Prices
Approximately 14 percent of all home listings had a price cut in June, according to new data from Zillow. During the first half of this year, the share of listings with a price cut increased by 1.2 percentage points, more than double the... Read more
Sales of existing single-family homes in California dropped by 0.9 percent from June to July, according to data from the California Association of Realtors (CAR)
California Median Home Price Drops by 1.9 Percent
Sales of existing single-family homes in California dropped by 0.9 percent from June to July, according to data from the California Association of Realtors (CAR). The 406,920 sold in July were lower than the 410,800 level in the previous... Read more
Home sale prices during July recorded a 5.3 percent annualized increase to a median of $307,400, according to data from Redfin
Redfin: Home Sales and Prices Up in July
Home sale prices during July recorded a 5.3 percent annualized increase to a median of $307,400, according to data from Redfin. However, this represented the lowest growth rate level in nearly two years. Meanwhile, homes sales rose by 4.1... Read more
The Federal Housing Finance Agency (FHFA) reported that Fannie Mae and Freddie Mac completed 299,466 refinances during the second quarter, down from 356,002 in the first quarter
Refinance Activity and Rates Continue to Drop
The Federal Housing Finance Agency (FHFA) reported that Fannie Mae and Freddie Mac completed 299,466 refinances during the second quarter, down from 356,002 in the first quarter.  The second quarter saw 2,973 loans were refinanced through... Read more
The Hendersonville, Tenn. office of Primary Residential Mortgage Inc. (PRMI) recently held its first annual fundraising golf tournament and auction, benefitting Homes For Our Troops (HFOT)
PRMI Hosts Golf Fundraiser Benefitting Homes For Our Troops
The Hendersonville, Tenn. office of Primary Residential Mortgage Inc. (PRMI) recently held its first annual fundraising golf tournament and auction, benefitting Homes For Our Troops (HFOT). The event successfully raised money in support of... Read more
The Senate Banking Committee has announced that its confirmation vote for Kathy Kranginer to become the next director of the Consumer Financial Protection Bureau (CFPB) has been rescheduled for Aug. 23
Kraninger CFPB Vote Rescheduled for August 23
The Senate Banking Committee has announced that its confirmation vote for Kathy Kranginer to become the next director of the Consumer Financial Protection Bureau (CFPB) has been rescheduled for Aug. 23. The vote was originally slated for... Read more
Home sales during July were up by 1.8 percent on an annualized basis, marking the second month of 2018 when sales increased year-over-year, according to the RE/MAX National Housing Report
RE/MAX: Home Sales Up 1.8 Percent
Home sales during July were up by 1.8 percent on an annualized basis, marking the second month of 2018 when sales increased year-over-year, according to the RE/MAX National Housing Report. During July, 37 of the 54 metro areas tracked by... Read more
Mortgage rates were down again for the second consecutive week, according to new data from Freddie Mac
Mortgage Rates and Delinquency Rates Down
Mortgage rates were down again for the second consecutive week, according to new data from Freddie Mac.    The 30-year fixed-rate mortgage (FRM) averaged 4.53 percent for the week ending Aug. 16, down from last week when it averaged 4.59... Read more
Single-family housing starts in July were at a rate of 862,000
Housing Starts Inch Up, Builder Confidence Inch Down
Single-family housing starts in July were at a rate of 862,000, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development. Last month’s housing starts were 0.9 percent above the revised June... Read more