News Flash

Most of the U.S. real estate industry is forecast to show more strength this year than previous predicted
New ULI Real Estate Forecast Is Mostly Positive
Most of the U.S. real estate industry is forecast to show more strength this year than previous predicted, according to the latest economic forecast from the Urban Land Institute’s (ULI) Center for Capital Markets and Real Estate.   The... Read more
Homebuyers are willing to open their wallets wider when it comes to purchasing property with green features, according to a new data analysis from Redfin
Green Homes Generate Greener Home Sales
Homebuyers are willing to open their wallets wider when it comes to purchasing property with green features, according to a new data analysis from Redfin.   During 2017, green homes sold for $46,532 more than homes without green features.... Read more
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank
Bureau of Consumer Financial Protection Hits Wells Fargo With $1 Billion Fine
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank, assessing a $1 billion penalty against the bank. The Bureau’s... Read more
The intersection of homeownership and racial disparity was in the spotlight with a new data analysis of mortgage denial rates based on race and a surprise announcement that the federal government is taking a second look at charges of racial discrimination
Racism Questioned in Mortgage Denial Rates and New Facebook Probe
The intersection of homeownership and racial disparity was in the spotlight with a new data analysis of mortgage denial rates based on race and a surprise announcement that the federal government is taking a second look at charges of... Read more
It was up-up-and-away in the latest housing data, with mortgage rates and home prices both hitting four-year highs
Four-Year Highs for Mortgage Rates and Home Prices
It was up-up-and-away in the latest housing data, with mortgage rates and home prices both hitting four-year highs.   Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) found the 30-year fixed-rate mortgage (FRM) averaged 4.47... Read more
The lodging sector of the commercial real estate industry recorded its eighth consecutive year of increasing profits in 2017
Hotels Celebrate Eighth Straight Year of Increased Profits
The lodging sector of the commercial real estate industry recorded its eighth consecutive year of increasing profits in 2017, according to CBRE Hotels’ Americas Research’s latest “Trends in the Hotel Industry.” Despite a slowing in the... Read more
Michigan’s last remaining horse racetrack could soon disappear and become a 48-acre residential development for new single-family homes, townhouses and multifamily housing
Michigan’s Last Racetrack Being Positioned as Housing Development
Michigan’s last remaining horse racetrack could soon disappear and become a 48-acre residential development for new single-family homes, townhouses and multifamily housing. According to a Crain’s Detroit Business report, Farmington Hills... Read more
More people were taking out home loans last week, according to new data from the Mortgage Bankers Association (MBA)
Mortgage Applications Rise as Affordable Options Remain Elusive
More people were taking out home loans last week, according to new data from the Mortgage Bankers Association (MBA). However, affordable homes are becoming an increasingly scarce commodity in many major metro areas.   The MBA reported its... Read more
Freddie Mac has a word of financial advice for potential homeowners: Don’t settle for one home loan quote
Freddie Mac to Buyers: You Better Shop Around!
Freddie Mac has a word of financial advice for potential homeowners: Don’t settle for one home loan quote.   In the latest edition of Freddie Mac Insight, the government-sponsored enterprise (GSE) insisted that 80 percent of borrowers who... Read more
Beginning this week, some Americans will start to see their credit scores increase due to the removal of all tax liens from consumer credit reports issued by Experian, Equifax and TransUnion
Credit Scores Now Free From Tax Lien Information
Beginning this week, some Americans will start to see their credit scores increase due to the removal of all tax liens from consumer credit reports issued by Experian, Equifax and TransUnion.   Moving forward, the three major credit... Read more