Recent Real Estate News
Trump budget surprise: Gutting the CFPB
The impact of President Donald Trump’s 2018 federal budget proposal would certainly be felt in the housing industry via the 13% cut to HUD's budget, but that’s hardly the only impactful move that the budget proposal holds. Buried on the second-to-last page of Trump’s budget is a move that is sure to please Trump’s fellow Republicans and many in the housing industry as well – gutting the Consumer Financial Protection Bureau.New American Funding commits to increasing Hispanic homeownership
New American Funding announced its new commitment with the National Association of Hispanic Real Estate Professionals to work towards increasing the Hispanic homeownership rate. This commitment ranges, from offering more Hispanics mortgages, to hiring and training those without experience to become mortgage professionals.Affordable housing groups say Trump budget would be catastrophic
Affordable housing advocates are taking a stand against President Donald Trump’s budget proposal which includes cutting several HUD housing programs. While the Treasury and even HUD itself spoke out in favor of the new budget proposal, one affordable housing advocate insists the budget would be catastrophic.Here's what Trump's proposed budget means for housing
The Trump administration released its full budget proposal which includes a $6.2 billion budget cut to HUD. The cut was announced back in March, but now the full budget reveals a detailed plan of which programs make the cut, and which won’t, if the budget proposal is adopted by Congress.Gamechanger: Zillow getting into home selling business with "instant offers"
In many ways, Zillow was one of the leaders in the online real estate revolution, helping to democratize the home buying process and enabling prospective buyers to search for their next home from the comfort of their current home. And now, Zillow wants to revolutionize the way that people sell their homes as well, as the online real estate giant announced this week that it is launching a pilot program called “Zillow Instant Offers.”Experts: New home sales need to double to hit historic norms
After several months of high gains in new home sales, sales of new single-family homes came tumbling back down in April. Many experts agree the drop was somewhat expected and remains high compared to last year. However, new home sales still lag behind the historic average.New home sales plummet more than 11% in April
New home sales plummeted in April from the previous month, possibly showing a new cooling in the market. As home sales dropped, so did home prices even as housing inventory increased. But does this mean the market is cooling off? Perhaps only time will tell.Treasury Secretary Mnuchin: Trump budget will reverse burdensome regulation
The president released his official full budget, and Treasury Secretary Steven Mnuchin expressed his full support. The secretary explains the budget’s cuts will encourage increasing efficiencies and decreasing the nation’s debt. But not everyone agrees.Court of Appeals set to hear landmark challenge to CFPB constitutionality
The Consumer Financial Protection Bureau’s moment of truth (in the courtroom, at least) is coming this week as the full Court of Appeals for the District of Columbia Circuit is set to rehear the landmark challenge to the agency’s constitutionality brought by PHH Corp. Here's a breakdown of the case and a view of what's coming next.Where are building permits keeping up with housing demand?
An interactive tool from NAR shows the need for new housing in different counties across the U.S. compared to the number of new building permits issued. Since the housing crisis, the number of counties hitting their peak levels of building permits decreased substantially.