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The Average Age of a Homeowner Is …
While a great deal of attention has been focused on the influx of Millennials into the homeownership experience, a new LendingTree study reveals that more senior households are the core of this experience.   In a study of the nation’s 100... Read more
Inventory levels in October rose on a year-over-year measurement for the first time in a decade while the median sales price sank to one of its lowest levels for this year, according to the latest RE/MAX National Housing Report
RE/MAX: First Annualized Inventory Increase in 10 Years
Inventory levels in October rose on a year-over-year measurement for the first time in a decade while the median sales price sank to one of its lowest levels for this year, according to the latest RE/MAX National Housing Report.   Home... Read more
Goldman Sachs has recognized Built Technologies Chief Executive Officer and Co-Founder, Chase Gilbert, as one of the 100 Most Intriguing Entrepreneurs of 2018 at its Builders + Innovators Summit in Santa Barbara, Calif.
MBA’s Davies Honored With Stevie Award for Women in Business
Marcia M. Davies, COO of the Mortgage Bankers Association (MBA) and Founder of mPower, was honored as a 2018 Maverick of the Year Silver Stevie Award winner at the 15th Annual Stevie Awards for Women in Business gala event held in New York... Read more
A real estate broker in Texas came up with a scintillating solution for getting buyer interest in a house that has been on the market for too long: Use barely-clothed fitness models in the online listings
California Home Sales and Prices Drop
Existing, single-family home sales is California totaled 397,060 in October on a seasonally adjusted annualized rate, a 3.8 percent increase from September but a 7.9 percent drop from one year earlier, according to data from the California... Read more
The nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB) came closer to being achieved when Senate Majority Leader Mitch McConnell (R-KY) filed a procedural motion
Kraninger Nomination Clears Senate Hurdle
The nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB) came closer to being achieved when Senate Majority Leader Mitch McConnell (R-KY) filed a procedural motion for the full Senate... Read more
Former U.S. Housing & Urban Development (HUD) Secretary Julián Castro met with potential donors earlier this week to plan a campaign for the 2020 Democratic Party nomination
Ex-HUD Chief Castro Planning for 2020 Bid
Former U.S. Housing & Urban Development (HUD) Secretary Julián Castro met with potential donors earlier this week to plan a campaign for the 2020 Democratic Party nomination.   According to a Politico report citing unnamed “sources... Read more
Sales of new single-family houses in February 2018 at a seasonally adjusted annual rate of 618,000, according to estimates released the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD)
YoY Drop in Applications for New Home Purchases
New data from the Mortgage Bankers Association’s (MBA) Builder Application Survey has determined mortgage applications for new home purchases increased by 11 percent from September to October, but were down by 2.1 percent from October 2017... Read more
Two dollar bill
Fewer GSE Refinances During Q3
  Fannie Mae and Freddie Mac completed 253,135 refinances during the third quarter, according to new data from the Federal Housing Finance Agency (FHFA). This is lower than the 299,460 refinances completed by the government-sponsored... Read more
NewDay USA recently honored area veterans with ceremonies and tributes during its Third Annual Bring a Veteran to Work Day at the company’s Fulton, Md. headquarters
NewDay USA Honors Vets at Annual "Bring a Veteran to Work Day"
NewDay USA recently honored area veterans with ceremonies and tributes during its Third Annual Bring a Veteran to Work Day at the company’s Fulton, Md. headquarters. The event included a moving keynote address from Captain Joseph Stewart,... Read more
Potential homeowners burdened with student loan debt can be limited in their buying by as much as $92,440, according to new data from Zillow
Zillow: Student Debt Limits Homebuying Options
Potential homeowners burdened with student loan debt can be limited in their buying by as much as $92,440, according to new data from Zillow.   Student debt topped $1.56 trillion in the third quarter, a new record. Zillow’s data analysis... Read more