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With less than two weeks until the midterm elections, the Trump Administration rolled out an executive order (EO) aimed at making some housing costs more affordable. The mortgage industry welcomed some of the proposals, such as mortgage insurance cancellation for homeowners and reducing interest rates on some federally backed loans, but the general feeling is…

The post New Trump Order Aims to Cut Housing Costs, With Mixed Reaction From Industry appeared first on RISMedia.

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR wants Compass’s data and depositions on private listings, CCP Compass is not directly involved in a long-running lawsuit filed by the now-defunct PLS.com, which sued the National Association of Realtors® (NAR) and…

The post Court Report: Reffkin Fights NAR Over Subpoena; Racist Text Message Sparks Elliman Lawsuit appeared first on RISMedia.

As the Federal Reserve gathers for their two-day meeting to decide on potential changes to interest rates, new-home sales may figure into their discussion after a month of minor declines. The latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau show that new-home sales throughout September fell 0.6% on…

The post Buyer and Builder Activity Remain Muted as New-Home Sales Slip Slightly appeared first on RISMedia.

Following a glum monthly report in August and a similar one in September, nonprofit research firm The Conference Board’s Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, finally had some good news.  The Index rose by 7.5 points to 91.7 in October, up from…

The post Consumer Confidence Jumps in October, Reversing Trend appeared first on RISMedia.