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IN THE NEWS

Homebuying Doesn’t Hinge on the Mortgage Tax Break
December 8, 2017

Homebuying Doesn’t Hinge on the Mortgage Tax Break

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One of America’s most popular tax breaks is about to be rendered nearly useless. And there are few economists rushing to defend it. The $64 billion mortgage-interest deduction has long been touted as fuel for U.S. homeownership. Yet as the real estate industry fights the Republican tax plan that’s set to diminish its use, finding […]

FHA to stop insuring mortgages with PACE loans Trump administration reverses Obama policy
December 8, 2017

FHA to stop insuring mortgages with PACE loans Trump administration reverses Obama policy

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Last year, the Department of Housing and Urban Development announced, with much fanfare and controversy, that the Federal Housing Administration would begin insuring mortgages that also carry liens created by the Property Assessed Clean Energy program, also called PACE. But that was last year. Things are much different now. On Thursday, HUD announced that the Trump […]

New Home Sales Steamroll Expectations
November 27, 2017

New Home Sales Steamroll Expectations

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October new home sales blow past expectations It wasn’t supposed to happen after the banner month for new home sales in September, but sales of those homes rose significantly again in October, jumping 6.2 percent to a seasonally adjusted annual rate of 685,000 units.  The seasonally adjusted results for September were the highest in 10 […]