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Commercial and Multifamily Mortgage Delinquencies Remain Low in the Second Quarter of 2019
Commercial and multifamily mortgage delinquencies remained low in the second quarter of 2019, according to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Delinquency Report.
New Home Sales Post Solid Gains in August
Sales of newly built, single-family homes increased 7.1 percent to a seasonally adjusted annual rate of 713,000 units in August off a revised upward reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Robust U.S economy not a boost for black homeownership
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers
NAIC Releases Statistical Compilation of Annual Statement Information for Property/Casualty Insurers
The National Association of Insurance Commissioners (NAIC) has released data on property and casualty (P&C) insurance companies. The reportis broken into three sections: Annual Statement Financial Data; State, Territory
Pending Home Sales Grow 1.6% in August
Pending home sales increased in August, a welcome rebound after a prior month of declines, according to the National Association of Realtors®. Each of the four major regions reported both month-over-month growth and year-over-year gains in contract activity
Laura Derrick named 2019 South Carolina REALTOR® of the Year
South Carolina REALTOR® (SCR) member, past president and Realtor® at Coldwell Banker Residential Brokerage in Columbia, was named the association’s 2019 REALTOR® of the Year at its annual conference at the Francis Marion Hotel in Charleston on September 11, 2019.
ADMINISTRATION’S EFFORT TO USE HIGHWAY FUNDING AS A ‘CUDGEL’ AGAINST CALIFORNIA WILL UNDERMINE INFRASTRUCTURE...
The Associated General Contractors of America called on the Environmental Protection Agency (EPA) to delay cutting highway funds to California as state officials work to update and finalize its air quality plans.
Voluntary, Market-Driven Solutions Best Approach to Boost Energy Efficiency
The National Association of Home Builders (NAHB) told Congress today that it wants to work as a partner with officials at all levels of government to encourage energy efficiency
Housing Starts Post Healthy Gains in August
Led by a surge in multifamily production, total housing starts rose 12.3 percent in August to a seasonally adjusted annual rate of 1.36 million units from an upwardly revised reading in July, according to a report from the U.S. Housing
The Wizards of OZ: A Discussion about Opportunity Zone Investment
Last week CREW Miami (Commercial Real Estate Women) held its September lunch program, The Wizards of OZ hosting a panel of experts who discussed and answered questions about recent Opportunity Zone transactions
White paper presents proven strategies and tactics for companies to advance women in three...
Businesses benefit by having more women in senior leadership roles, yet women remain underrepresented in all facets of commercial real estate leadership, according to CREW (Commercial Real Estate Women) Network’s latest industry research
August Housing Stats for DC and Montgomery County
GCAAR is pleased to present its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Look to GCAAR as your source for comprehensive market data on the Washington, DC metro area market.
White House Policy Paper on Homelessness Misrepresents Evidence, Drives Wrong Conclusions
On Monday evening, President Trump’s Council of Economic Advisors released a white paper that ignores and directly contradicts the evidence-based consensus of 19 of his own agencies.
NAR Responds to CFPB’s Rulemaking Notice on the Qualified Mortgage Patch Issue
The National Association of Realtors® is calling on the Consumer Financial Protection Bureau to improve the Qualified Mortgage definition and patch while supporting an extension before a long-term solution is secured.
Existing-Home Sales Increase 1.3% in August
Existing-home sales inched up in August, marking two consecutive months of growth, according to the National Association of Realtors®. Three of the four major regions reported a rise in sales, while the West recorded a decline last month
August New Home Purchase Mortgage Applications Increased 33 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2019 shows mortgage applications for new home purchases increased 33 percent compared to a year ago.
MBA Statement on Enhancements to the CFPB Consumer Complaint Database
Statement of Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), regarding enhancements to the CFPB Consumer Complaint Database announced today
Appraisal Institute Praises House for Passing Valuation-Related Bills
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today applauded the U.S. House for passing consumer-friendly legislation that will address long-standing concerns surrounding residential appraisals
Landmark Bill Heads to Governor’s Desk to Address the Bay Area Housing Crisis
The California State Legislature approved Assembly Bill 1487 (Chiu-San Francisco), which will allow the San Francisco Bay Area to come together and address the region’s housing challenges through new funding, programs, and tools.
Ginnie Mae MBS Outstanding Increases to $2.087 Trillion
WASHINGTON, D.C. – Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $52.478 billion in August, providing financing for more than 207,000...