The Consumer Financial Protection Bureau announced that starting Monday it will accept public comments on their enforcement process. Among its many oversight areas is the Real Estate Settlement Procedures Act, known as RESPA.Mick Mulvaney, currently the acting director of the CFPB, announced the public comment period in an effort to help improve the bureau’s overall efficiency and effectiveness in its enforcement of federal consumer financi
A shut-down has been averted, and there's good news for real estate in the budget agreement, which President Trump signed this morning. The government had temporarily closed after Congress failed to pass a government funding bill before midnight Thursday, but an agreement was reached Friday morning. The two-year, $400 billion spending deal came as a result of a bipartisan group of lawmakers supporting the agreement. Congress now has until March 2
City officials in Denver want to stop “slot houses” from being built. Some community members have bashed what they call the homes’ ugly architecture, which has grown prominent in a few neighborhoods within the city. The city’s Land Use, Transportation, and Infrastructure Committee voted this week to place a moratorium on slot home construction. The full city council must still approve the moratorium for it to become law.Slot homes are box
Heightened concerns over the nation’s immigration policies and proposals caused some U.S. homeowners to sell their homes or even choose to then not buy a home last year, according to a new survey of more than 4,000 homeowners in the U.S. commissioned by the real estate brokerage Redfin. Fifteen percent of consumers surveyed said that they either sold their home or did not buy one last year out of concerns over immigration policies under Preside
Police deputies in Laguna Woods, Calif., killed a 65-year-old man after he threatened to shoot a contractor when he learned that the renovation plans on his home were over budget. Paul Mono was shot by sheriff deputies on Tuesday and was later pronounced dead at the hospital.Real estate professional Jennifer Heflin with Laguna Premier Realty sold Mono and his wife the home about five months ago in the gated senior community of Laguna Woods. She
Homeowners in Madisonville, Texas, who reported the theft of their home to police on Friday got some good news: The structure has been located. But it's too soon for them to relax yet.On Friday, Jo and Lonnie Harrison, a couple from Houston reported the missing house to police after they went to their vacation home and discovered it was completely gone from their 10-acre property in Madisonville.The Harrisons say the one-bedroom, one-bathroom pre
A Denver home is attracting quite the crowd and fueling an early start to the spring buying season. In just three days, a property reportedly had nearly 100 potential buyers who toured the home, which is listed at $500,000. The home is a three-bedroom, two-bathroom home, and there’s nothing particularly unique about it. But the home shows just how competitive the Denver market has gotten.“There is simply just too much demand right now,” Mar
When high-end property owners want to spruce up their homes, the renovation projects they tend to gravitate toward include pools, bars, gourmet kitchens, elevators, and amenities suitable for waterfront houses, according to a new study by Homes.com. The real estate portal’s research team culled sales data to analyze how homes vary regionally in terms of features, size, and price.The top three features luxury homes nationwide have in common are
Prices are rising and homeowners are staying put longer, and that means more homeowners can cash in when they go to sell. Home seller profits surged to a 10-year high in the fourth quarter of 2017. Sellers saw an average home price gain since purchase of $54,000, up from $47,133 a year ago.That $54,000 average seller profit represents an average 29.7 percent return on investment compared to the original purchase price. That is the highest average
Following the largest data breach in the nation’s history, Equifax announced that it is extending its free credit freezes to consumers through June. The data breach this past fall exposed the personal information of about 143 million Americans, and has even prompted warnings from housing analysts that the breach could impact buyers’ ability to complete a home sale.The personal information stolen by hackers could compromise consumers’ Socia
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
