Housing inventory, buyer demand are market drivers: JPMorgan segments and the high-end markets. At the entry and move up price segments it continues to be a seller’s market while the high end remains a buyer’s market. Demand in entry and move up levels is healthy; however national inventory is at a low 4.5 month supply and total inventory has fallen year over year for 16 consecutive months.
While the House bill does fully fund all contract renewals for 12 months, the bill does not provide funding for Performance-Based Contract Administrators (PBCAs), and it is unclear how HUD would fund contract administrators. HUD would need $11.4 billion to full operate the PBRA program.
· Trump’s proposed budget would cut $6 billion from HUD funding. It would eliminate the nascent national Housing Trust Fund, a funding stream established by Congress in 2008 and entirely separate from direct congressional HUD appropriations..
HUD inspections pass dangerous apartments filled with rats, roaches and toxic mold – In all three cases. s staffing levels after years of budget cuts are “wholly inadequate” to assess properties, said Sara Pratt, a former senior HUD official who worked at the agency under.
Home prices ‘bottoming now,’ BofA Merrill Lynch analysts say Analysts with Bank of America Merrill Lynch on Tuesday raised their 2016 average silver prices forecast 8% to 16.47/oz based on declining mine output and rising industrial demand.
Bill Would Stop Government From paying dead people. VA To Codify Customer Experience As Part of Core Values.. Amendment to stimulus bill would cut funding for new computers.
More than 28% of US homeowners underwater on their mortgage Those who say their homes are worth less than what they owe on their. less affluent and more likely to be Hispanic or African American than are. Those who feel that they are underwater on their mortgage are also much more likely to. say their home is worth at least what they owe, 28% are Democrats.Florida single-family home prices up 14% over last year Miami real estate sales down, but home prices still up. How. – Meanwhile, prices are still rising. In Miami, single-family home prices rose to $295,000, up 4.6 percent year-over-year. condo prices hit 4,250, a 2.5 percent annual gain.Blackstone to sell bonds backed by lease payments 30-year, fixed-rate mortgage finishes year near record lows Morning Minute: 30-year, fixed-rate mortgage finishes year. – Freddie mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high. A 30-year fixed-rate mortgage (frm) averaged 3.35 percent, while the 15-year FRM averaged 2.65 percent. Last year the 30-year FRM averaged 3.95 [.]FHFA delays principal reduction ruling "FHFA has received substantial criticism, both before and since I became the Director, for not allowing the Enterprises to offer principal reduction as a part of our loss mitigation strategy.
In doing so, Congress has clearly rejected the calls to drastically cut housing. The bill also provides enough funding to renew all contracts for.
· President Signs FY 2017 HUD Spending Bill May 5, 2017 ~ Georgi Banna After seven months and three continuing resolutions, Congress on Thursday finally approved, and the President on Friday signed, an omnibus spending bill of all 11 remaining appropriations bills, including Transportation, Housing and Urban Development.
Senate Republicans plan to vote this week on a $13.4 billion bill that includes $600 million in emergency funding for Puerto Rico’s Nutrition Assistance Program, which has already had to drastically cut food stamp checks for 1.3 million Puerto Ricans as initial disaster relief funds for food stamps have run out.
Opinion: Trump’s deep cut to HUD’s budget would hurt the poor and elderly, and destroy jobs
Like the bill that the house appropriations committee approved on May 23, it rejects the deep cuts and omits the harmful rent increases in the President’s budget. Overall, the Senate bill provides $855 million more for HUD programs than the House bill, a considerable improvement (see table).
The House subcommittee bill maintains the 10% increase in HUD funding that advocates and Congressional champions secured in FY18 with modest additional increases for FY19, and it rejects the president’s call to drastically cut housing investments. Overall, the bill provides HUD programs with more than $11 billion above the president’s FY19.
2018 HW Tech100 Winner: Agent Inbox 30-year, fixed-rate mortgage finishes year near record lows The average rate on 30-year fixed rate mortgages this rate continued to fall to near the 5 percent mark, close to the record low seen a month ago, Freddie Mac said. In a separate report, the Mortgage.The company brings together all parties of the mortgage process including the real estate agent, borrower and loan officer and their team in a cloud-based collaborative environment.. 2018 HW Tech100 Winner: StreamLoan. Posted on April 02, 2018 by admin in News. StreamLoan is a mobile-first.
House Passes FY 2015 HUD Bill with Significant Cuts to HOME. – The bill would fund HUD Housing Counseling at $47 million, $2 million less than the Senate bill, and cut funding for the national foreclosure mitigation Counseling (NFMC) program to $50 million, equal to the Senate bill level.