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Recent Real Estate News
Higher mortgage rates will hit hardest in these 5 counties
Interest rates are a hot topic as experts speculate over how many times the Fed will raise rates in 2017. While some in the mortgage industry may benefit from the increasing rates, new homeowners may be looking at higher monthly payments. Here are the counties that will be most affected by the changing rates.Arizona police arrest, charge suspect with murder of Realtor Sidney Cranston
Shortly after discovering the remains of Arizona Realtor Sidney Cranston Jr., 40, who went missing nearly 18 months ago while showing a property, the police arrested a suspect and charged him with murder in the death of Cranston. The suspect is a friend who managed Cranston’s rental properties and owed him money.Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19
On Friday, the Senate Committee on Finance announced that the confirmation hearing for Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, will take place on Thursday, Jan. 19, 2017. The Democrats are expected to grill Mnuchin for his time with OneWest Bank, which was accused of redlining and illegal foreclosure activities under his leadership.Consumer optimism slips to start 2017
Consumer sentiment edged down at the start of the new year, but still remains high compared to this time last year. While the consumer sentiment index decreased as a whole, current economic conditions increased to the highest point since 2004.[Video] Here's Julián Castro's final farewell speech to HUD
Appearing for the last time before folks as the secretary of the Depart of Housing and Urban Development, Julián Castro began his farewell speech to HUD employees in typical Texas fashion, with a "y’all". The White House tapped Castro back in June 2014 to replace outgoing HUD secretary Shaun Donovan, and now with only a week left in office, Castro left HUD with these three pieces of advice.Housing industry rallies around Ben Carson for HUD secretary
The conflict surrounding the appointment that divided the housing industry, Ben Carson as HUD secretary, died down as many housing experts expressed their support of the nominee. Even Carson’s hearing was more bark than bite. However, Carson’s road ahead is not without its challenges.Zillow grows online real estate empire with Hamptons Real Estate Online acquisition
Zillow Group, which already boasts Zillow, Trulia, StreetEasy, and Naked Apartments in its portfolio on online real estate companies, is growing again with the acquisition of Hamptons Real Estate Online, a Hamptons-focused real estate portal.Senate questions Ben Carson on his ability to lead HUD
Ben Carson's hearing before the Senate Banking, Housing and Urban Affairs Committee is now over. While some of the committee members questioned Carson's ability to be the next secretary of HUD, the hearing wasn't as contentious as many thought it might be. And despite the controversial reaction to his appointment, the hearing seemed to confirm that Carson will, in fact, be confirmed as the next HUD secretary.ATTOM: Foreclosure activity hits 10-year low
Foreclosures activity decreased to its lowest point in ten years. However, not every state followed the trend as some even saw an increase in foreclosure activity. The national drop in foreclosure activity was accompanied by a new high in the number of days it takes to foreclose.Here are the questions Elizabeth Warren wants Ben Carson to answer
The eyes of the housing industry will be trained to Capitol Hill today, as Ben Carson, the former Republican presidential candidate, retired neurosurgeon, and President-elect Donald Trump’s choice to the lead the Department of Housing and Urban Development, appears for his confirmation hearing. In a letter sent to Carson in advance of his hearing, Sen. Elizabeth Warren revealed the questions she wants Carson to have an answer for when he appears before the committee – 35 of them, in all.