News

Report: HUD Gives $37M in Subsidies to Wrong People

CNBC reported on Friday that more than $37 million in monthly housing subsidies for people in need landed in the wrong hands last year, and it’s all because the Department of Housing and Urban Development has not yet figured out

Mortgage Rates on the Rise for Second Consecutive Week

Although fixed-rate mortgage rates remain at historic lows, Freddie Mac revealed on Thursday that they have risen for the second consecutive week. According to the organization’s Primary Mortgage Market Survey, 30-year fixed rate mortgages averaged 3.76 percent this week, up

Dallas Home Prices on the Rise

Home prices in Dallas, Texas, have surged over the last year, with experts pointing to the “severe shortage of inventory” as the cause. According to the MetroTex Association of Realtors, the media price of a home in Dallas was 12.3

Outlook Is Bright as Zillow and Trulia Merge

The two most popular real estate search engines now reside under one roof, as Zillow has completed its acquisition of Trulia. According to CNBC, shares of Zillow rose more than 10 percent on Wednesday, as a result of the news

U.S. Moving Toward Mortgage Crisis Investigation on Individuals

United States Attorney General Eric Holder announced on Tuesday that he has given his fellow U.S. attorneys 90 days to determine whether they may be able to bring cases against any individuals for their roles in the 2008 financial crisis.

Inside Miami’s Troubled Condo Market

The overall housing market in Miami bounced back for a record year in 2014 – with the sales of single-family homes rising 7.7 percent in the fourth quarter from the same period in 2013. But one area of the market

Top 5 Forces Driving Down Mortgage Interest Rates Identified

In a new report out Thursday, the Urban Institute identified the top five forces that have contributed to the consistent downward trend of mortgage interest rates over the last year and a half. According to Metro Trends writers Ellen Seidman

Castro Praises FHA Reductions to Congress

Julian Castro, the Department of Housing and Urban Development secretary, told the House Financial Services Committee on Wednesday that he believes the Federal Housing Administrations (FHA) made the right decision last month when it announced it would be reducing its

Increasing Optimism In Housing Market

Fannie Mae’s National Housing Survey shows increasing optimism in the market, as employment and economic conditions have improved. 29% of respondents stated that their income has increased significantly over the last 12 months. 48% of respondents said that they expect

Consumer Confidence Is Lifting New Home Sales

According to a new report by The Wall Street Journal, the housing market is beginning to see signs of improvement, and much of that has to do with the current growth in consumer confidence. As the paper points out, new

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