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Residential

California Home Sales at Four-Year Low
California home sales will end 2018 at a lower level for the first time in four years while the 2019 market is poised to be weak, according to a new economic forecast released by the California Association of Realtors (CAR)
  Sales of single-family homes in California totaled a seasonally adjusted annualized rate of 372,260 units in December, according to information collected by the California Association of Realtors (CAR), down 2.4 percent from the revised 381,400 level in November and down 11.6 percent from home... Keep Reading....
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Mortgage application activity entered 2019 on the upswing, according to new data from the Mortgage Bankers Association (MBA) for the week ending Jan. 4
 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.   According to a Washington Post report, real estate broker Kristin Gyldenege was having... more
New York State
     Last month saw fewer sales and higher prices in New York’s housing market, according to data from the New York State Association of Realtors.   The 70,704 homes for sale across the Empire State in October represented a 1.3 percent decline from one year earlier, and the 12,359 closed sales... more
  The Federal Housing Administration (FHA) gave itself a mostly positive health report in its 2018 Annual Report to Congress, claiming that its’ financial viability was “clearly strong” and that the capital reserve ratio for its Mutual Mortgage Insurance Fund (MMI Fund) was “above the statutory... more
In response to the ongoing California wildfires, the U.S. Department of Housing & Urban Development (HUD) stated it would speed up its federal disaster assistance
 In response to the ongoing California wildfires, the U.S. Department of Housing & Urban Development (HUD) stated it would speed up its federal disaster assistance to the state and provide support to homeowners and low-income renters forced from their homes in the areas impacted by this disaster... more

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