Home repair subscription service Super raises $20 million
4/19/2019 4:33 PM
Super, a home repair subscription service, announced recently that it raised $20 million to expand its service into new markets. Homeowners subscribe to the service, which both covers the cost of repairs on several common household appliances and manages the repair process on other items...Read More
It"s one of the richest towns in America. Now some say you can"t give away a house there.
4/19/2019 4:27 PM
It"s one of the richest towns in America, a regular stomping ground for Wall Street elite. But now, few people are shopping for homes in this tony East Coast community, and its sprawling mansions are hitting the auction block...Read More
HUD announces new rules for down payment assistance on FHA mortgages
4/19/2019 2:28 PM
The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured by the Federal Housing Administration. Click the headline for a full breakdown of which rules are changing and why...Read More
Home sales will be stymied in 2019 by high prices and "underbuilding"
4/19/2019 1:04 PM
A shortage of entry-level homes will stymie the housing market this year, nullifying much of the impact of lower mortgage rates, according to a forecast by Diane Swonk, Grant Thornton chief economist. "The housing market will tread water in 2019 as supply constraints and affordability problems offset any gains from slightly lower mortgage rates," S...Read More
Zillow planning expansion of its home buying business in Southwest
4/19/2019 11:45 AM
It"s been just over a year since Zillow expanded its business from simply facilitating the home sale to actually buying houses itself. Zillow has big plans for its home buying business, recently revealing that its current goal is to be able to buy 5,000 homes per month within as little as three years. To get there, Zillow will have to fortify and e...Read More
Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest
4/19/2019 8:32 AM
Housing starts in March fell to the slowest pace in almost two years, according to a report from the Department of Housing and Urban Development and the Department of Commerce. The decline was led by single-family starts while multifamily starts, a category including condominiums and apartments that tends to be more volatile, remained unchanged fro...Read More
NAR slapped with second class-action lawsuit to end buyer broker compensation
4/18/2019 2:36 PM
A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors. The suit alleges that NAR and MLS providers violated federal antitrust laws by requiring property sellers to pay the buyer"s broker an inflated fee, a claim NAR called "completely without merit" as it vow...Read More
HUD seeks to end public housing aid for undocumented immigrants
4/18/2019 10:58 AM
The Department of Housing and Urban Development proposed a rule Wednesday that would end public housing aid for undocumented immigrants. An administration official told The New York Times that the rule would ensure that only American citizens receive housing assistance from HUD, putting an end to a loophole that did not require some aid recipients ...Read More
Freddie Mac: Mortgage rates continue to rise, but remain below 2018 levels
4/18/2019 9:31 AM
Mortgage rates rose for the third consecutive week without regaining the level they were at before a late March plunge, but rates are still well below where they were a year ago...Read More
Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage
4/17/2019 3:52 PM
A little over a year ago, Airbnb partnered with some of the nation’s largest mortgage players, including Fannie Mae and Quicken Loans, to allow hosts using the short-term rental platform to use income from their rentals to refinance their mortgage. Now, Quicken Loans is at it again; this time partnering with Vrbo to allow users of that platform to ...Read More

CNN Money:
Retirement contribution limits will rise in 2019
11/1/2018 3:50 PM
Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019....Read More

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