MEDIA CONTACT: JON BOUGHTIN / 202-383-1193 / EMAIL
HUD Secretary Dr. Ben Carson speaks at the Regulatory Issues Forum at the 2017 REALTORS® Legislative Meetings & Trade Expo in Washington, DC.
WASHINGTON (May 16, 2017) — Potential homebuyers have a lot to contend with from tight credit and low inventory to rising prices. But for buyers who are able to muscle past these hurdles, Realtors® know that tough-to-make deals can still fall apart when needlessly high regulatory burdens get in the way.
DAILY REAL ESTATE NEWS | MONDAY, MAY 15, 2017 - Home shoppers are increasingly facing steep competition for the limited number of homes for sale.
“Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming,” the National Association of REALTORS® notes in a recent release.
DAILY REAL ESTATE NEWS | TUESDAY, MARCH 28, 2017
Mortgage financing giant Freddie Mac has expanded access to credit for American families without credit scores. Beginning in June, borrowers without credit scores may be able to easily qualify for purchase mortgages or no-cash-out refinance transactions. Still, borrowers will have to show payment references, like records showing timely housing payments.
The Federal Reserve voted to raise rates by 0.25 percent on Wednesday - BY AMBER TAUFEN Staff Writer Inman
“The Fed will raise the overnight cost of money on Wednesday, from a band 0.50 percent-0.75 percent to 0.75 percent-1.00 percent,” predicted Inman writer Lou Barnes on Friday. That’s a 0.25-percent hike.
Sure enough, at its meeting today, the Federal Reserve governors voted to raise interest rates by 0.25 percent, to 0.75 percent to 1.00 percent.
They cost about $16,000 in today’s dollars. - By Brad Tuttle (This article originally appeared on Money.)
A century ago, the typical American’s salary was $687 per year. That might not sound like much—after factoring in inflation, it’s about $16,500 in today’s dollars—but it was more than enough to buy a house.