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New MBA Chief Cautiously Optimistic on Trump Policies
Robert Broeksmit, the new President and Chief Executive Officer of the Mortgage Bankers Association (MBA), used his first speech as the head of the nation’s largest mortgage industry trade group to express a cautious optimism on the Trump Administration’s
Robert Broeksmit, the new President and Chief Executive Officer of the Mortgage Bankers Association (MBA), used his first speech as the head of the nation’s largest mortgage industry trade group to express a cautious optimism on the Trump Administration’s efforts to deregulate the financial... Keep Reading....
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A combination of increasing home prices, shrinking inventory and faster transactions contributed to a decline in home sales during August, according to new data from RE/MAX
 A combination of increasing home prices, shrinking inventory and faster transactions contributed to a decline in home sales during August, according to new data from RE/MAX.   In an analysis of 54 metro areas, RE/MAX determined that the overall average number of home sales in August were down by 0.... more
The price on single-family rental units increased by three percent in July compared to 2.7 percent in July 2017, according to new data from CoreLogic
 The price on single-family rental units increased by three percent in July compared to 2.7 percent in July 2017, according to new data from CoreLogic.   High-end rentals—properties with rent prices greater than 125 percent of a region’s median rent—were up 2.7 percent year-over-year in July,... more
Sales of existing single-family homes in California totaled 399,600 in August on a seasonally adjusted annualized rate, down 1.8 percent from July and down 6.6 percent from August 2017
 Sales of existing single-family homes in California totaled 399,600 in August on a seasonally adjusted annualized rate, down 1.8 percent from July and down 6.6 percent from August 2017, according to new data from the California Association of Realtors (CAR). This marked the fourth consecutive month... more
More than two-thirds of homeowners in the international market for second homes rent their properties for at least part of the year to recover some or all of their ownership costs
 More than two-thirds of homeowners in the international market for second homes rent their properties for at least part of the year to recover some or all of their ownership costs, according to a new survey from Savills and HomeAway. This marked the first time that the owners of this type of... more

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