Real estate news

• Democrats declare opposition to Mnuchin, delay confirmation vote

  30-01-2017 23:29
  
  The Senate Finance Committee planned to meet Monday evening to vote on the confirmation of Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, but that vote will no longer happen, as Senate Democrats moved to delay the vote, while other party leaders declared their opposition to Mnuchin as Treasury Secretary.
  
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• The future of TRID hangs in the balance amid Trump regulatory actions

  30-01-2017 23:00
  
  A freeze on a final rule of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called TRID, could become an unfortunate side effect of Trump’s executive order on Monday. The last status update the bureau gave the industry was that it would weigh submitted comments and then issue a final rule. But will the industry ever get its much-needed answers to TRID with the new regulatory actions Trump announced?
  
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• Black Knight: Home prices so close to a new national peak

  30-01-2017 22:29
  
  The Data & Analytics division of Black Knight Financial Services released its latest Home Price Index  report, based on November 2016 residential real estate transactions.The company finds that after rising 5.7% from the start of 2016, U.S. home prices are now within just 0.3% of a “new national peak.”
  
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• Pending Home Sales Make End-of-Year Push

  30-01-2017 22:23
  
  Pending home sales made an end-of-year push in December, picking up 1.6 percent from November in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI).
  The rise in the overall PHSI—which also came in 0.3 percent higher than December 2015—was led by contract activity in the South and West, increasing 2.4 percent and 5.0 percent, in order. Contract activity in the Midwest, however, decreased 0.8 percent in December, while activity in the Northeast decreased, a
  
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• President Trump Plans to ‘Do a Big Number’ on Dodd-Frank

  30-01-2017 22:19
  
  Addresses the Fate of ‘Disaster’ Regulation
  The new administration is wasting no time addressing Dodd-Frank, with President Trump on Monday saying he will “do a big number” to the regulation he believes has been a “disaster” for small businesses.
  “We’re going to do a big number on Dodd-Frank,” President Trump said in a meeting while signing an executive order requiring federal agencies to eliminate two regulations for every one introduced. &l
  
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• Housing Activity Not Frozen in January

  30-01-2017 22:18
  
  Housing activity has been anything but frozen in January, with inventory moving at a 4 percent faster rate annually as demand continues to outpace supply, according to recently released realtor.com® data. The listing portal’s median list price has held firm at $250,000, a record for the off-season.
  “We saw evidence of a stronger than normal off-season starting last September and October due to pent-up demand and surging interest from first-time buyers,” says realtor.com Chi
  
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• Jon Coile: Big Fish, Small Pond

  30-01-2017 22:14
  
  Champion Realty CEO and President Jon Coile has been in real estate for almost three decades, originally founding the company on January 17, 1987.
  “I started as an agent, and hopefully, without sounding too corny, I found being an agent to be a noble profession,” recalls Coile. “It’s so energizing to help facilitate the American Dream of homeownership for people. Whether it’s educating a renter in regard to showing them that they can actually buy their first home, o
  
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• Here's how and why CitiMortgage is leaving mortgage servicing

  30-01-2017 20:34
  
  CitiMortgage surprised few in the housing business on Monday when it announced that it agreed to a massive mortgage servicing rights deal with New Residential Investment and Nationstar Mortgage. As it often is with deals of this type, the devil is in the details. And one of the details of this deal is that the MSR sale is a precursor to CitiMortgage completely exiting the mortgage servicing business. Here’s a breakdown of how the deal works, and why Citi plans to leave mortgage servicing b
  
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• Trump signs executive order to massively roll back regulation

  30-01-2017 19:57
  
  President Donald Trump signed an executive order Monday morning to significantly roll back regulations, following through on claims that he would be “cutting regulation massively.” And Trump didn’t stop at reducing regulation, as the order also shows an added focus on reduced regulatory costs.
  
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• First American: Rising interest rates finally takes toll on home affordability

  30-01-2017 19:43
  
  Affordability took a hit in November, according to First American, which tracks what it calls “real house prices.” But while real home prices saw an uptick for the month, reversing a six-month trend, First American’s chief economist explains home prices are still at their most affordable point in nearly two decades.
  
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• Realtors pick their top 10 hottest housing markets for 2017

  30-01-2017 18:16
  
  While January is typically the slowest month of the year for real estate, the market remained strong at the start of 2017. Homes flew off the market faster than the previous year at home prices that were 10% higher than the previous year. Here are the top 10 markets for the start of the new year.
  
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• Pending home sales close out 2016 on a high note

  30-01-2017 16:06
  
  Pending home sales finished the year out strong with an increase in December, however were still weighed down by low inventory levels. The National Association of Realtors’ chief economist explains why that burden could start to lessen in 2017.
  
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• CitiMortgage exits mortgage servicing business

  30-01-2017 14:18
  
  "This announcement further demonstrates Nationstar’s role as a leading subservicing provider to the residential mortgage servicing market. We look forward to welcoming over 750,000 customers to Nationstar, and believe our strategic relationship with New Residential will create meaningful value for these customers and our shareholders,” said Jay Bray, Chairman and Chief Executive Officer of Nationstar, said in a statement.
  
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• Hilco Real Estate Announces Bank-Directed Sale of 25+ Bank Owned Assets (REO) - PR Newswire (press release)

  30-01-2017 10:01
  
  Hilco Real Estate Announces Bank-Directed Sale of 25+ Bank Owned Assets (REO)
  PR Newswire (press release)
  NORTHBROOK, lll., Jan. 30, 2017 /PRNewswire/ -- Hilco Real Estate, LLC announces the upcoming online auction of a portfolio of REO assets on behalf of a large Illinois-based bank. The bank has mandated the disposition of these assets in the First ...and more »
  
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• Smart thinking and digital ceilings – the shape of real estate to come at CBRE - Diginomica

  30-01-2017 09:36
  
  Diginomica
  Smart thinking and digital ceilings – the shape of real estate to come at CBRE
  Diginomica
  Mike Gedye, executive director at the real estate advisory firm CBRE, explains how the firm is shaping up to deliver the smart workspaces that corporate occupiers increasingly demand. Linkedin; Facebook; Twitter; Google; Flipboard; 0 Comments. What ...
  
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• Monday Morning Cup of Coffee: Two senators join battle between the CFPB and PHH

  30-01-2017 06:01
  
  While the landmark case between PHH and the Consumer Financial Protection Bureau awaits a decision on whether the full Court of Appeals will rehear the case, more politicians are publicly voicing their support for the bureau. So what’s the big reason for the added support? The new Trump administration. Meanwhile, Chronos Solutions’ new CEO announcement on Friday isn’t the company's only news.
  
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• OUR VIEW: Don't get into the real estate business, Somerset - Wicked Local Wayland

  30-01-2017 04:52
  
  OUR VIEW: Don't get into the real estate business, Somerset
  Wicked Local Wayland
  Municipal governments are at their worst when they venture into the real estate business. A town or city may be run with perfect competence, but ask them to dispose of one piece of surplus municipal property, and you're looking at a process that could ...and more »
  
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• FTCR China Real Estate Index down in January as sales tumble - Financial Times

  30-01-2017 02:54
  FTCR China Real Estate Index down in January as sales tumble
  Financial Times
  The FTCR China Real Estate Index fell to 39 in January, with the seasonal lull telling only half the story as government cooling measures continue to bite. This was a stronger reading than January 2016, although the headline index has not registered ...
  
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• Montgomery County real estate briefs: Week of Jan. 29 - The Reporter

  30-01-2017 00:52
  
  The Reporter
  Montgomery County real estate briefs: Week of Jan. 29
  The Reporter
  Berkshire Hathaway HomeServices Fox & Roach, Realtors salutes sales associates in the Collegeville Office for being the office leaders for the month of December 2016. AnneMarie Wagner has been recognized for units and volume. Licensed since 1994 ...and more »
  
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• Shortage of Contruction Workers Hampering Maine Real Estate Market, Group Says - MainePublic.org

  30-01-2017 00:38
  
  Shortage of Contruction Workers Hampering Maine Real Estate Market, Group Says
  MainePublic.org
  Irwin Gratz talks with Paul Peck, president of the Maine Real Estate and Development Association. PORTLAND, Maine - Some 700 people involved in Maine real estate are gathered in Portland today for the annual conference of the Maine Real Estate and ...
  
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• Providing 'Real Talk' for Buyers and Sellers

  30-01-2017 00:00
  Looking to inform consumers on the ins and outs of your real estate market? Then take a cue from the Seattle King County REALTORS®’ new...
  
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