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Recent Real Estate News
Housing industry praises Trump's selection of Pam Patenaude as HUD deputy secretary
For those in the housing industry, Pam Patenaude’s name is well known. So, it should come as no shock that the housing industry supports the Trump administration’s nomination of Patenaude to serve as the HUD deputy secretary. Declarations of support for Patenaude came in quickly after the White House’s announcement of her nomination, including from some of the housing industry’s biggest groups, and from Patenaude’s potential boss at HUD.Ten-X predicts existing home sales will drop in April
Ten-X predicts existing home sales will slip in April, coming down off March’s high. Despite this drop, economists explain the two months will still be the best in recent memory for the housing market.Consumer optimism sees slight uptick in April
Consumer optimism edged up slightly in April, but not quite as high as the beginning of the month. Independents are more confident in the economy, and Republicans and Democrats are beginning to converge as the partisan divide slowly heals.Trump picks Pam Patenaude to serve as HUD deputy secretary
HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary.CoreLogic: Distressed sales drop to lowest level in nearly 10 years
Distressed sales continued to slip in January, hitting the lowest level in nearly a decade. CoreLogic’s report shows if distressed sales continue to move at the current rate, they could hit pre-crisis norms by early 2018.The long journey ahead for tax reform and what it means for housing
Treasury Secretary Steven Mnuchin and White House Chief Economic Advisor Gary Cohn revealed the Trump administration’s tax plan on Wednesday. So what exactly does the industry know so far? Well, for starters, tax reform, including housing-related tax reform, still has a long road ahead. Even with scarce details, housing associations gave their initial assessments of how the tax reform changes would impact the housing market and homebuyers.First quarter homeownership rate underwhelms
Homeownership rates held steady in the first quarter in what one economist called an underwhelming report. The homeownership rate continues to hover near all-time lows, and only Black households saw a notable difference in their rate in the first quarter.Lack of housing supply slows pending home sales in March
Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.ATTOM: Average homeowner gains 24% return in equity since purchase
Homeowners are hitting decade highs in their accrued equity, as it increased by 24% since the time of purchase to the first quarter in 2017. And not only are equities rising, but also the amount of time homeowners spend in their home. ATTOM Data Solutions explains why.PRMI expands Florida footprint with new branch opening
Primary Residential Mortgage Inc. expanded its territory in Florida with its newest branch opening in Miami. The new location is complete with a new team of mortgage insurance professionals, including its new branch manager who brings 31 years of experience with her.