Real Estate

Next HUD leader Ben Carson lists Florida home for $1.2M

Purchased home three years ago
Ben Carson just officially announced that he accepted the role of HUD Secretary and is already making moves in his own personal housing situation. The former neurosurgeon reportedly listed his home in West Palm Beach, Florida, and if he sells his home at that amount, he would turn quite a nice profit.
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Hensarling, Waters chosen to lead House Financial Services Committee again

Representatives from Texas and California to serve as committee leadership
The halls and chambers of Congress are certainly going to look different when the 115th Congress begins its term in January. The leadership of the House Financial Services Committee, on the other hand, will look just the same as it has in the last two Congressional terms, as Rep. Jeb Hensarling, R-Texas, and Rep. Maxine Waters, D-Calif., will again serve as the committee’s leaders.
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Here's the real impact of the post-Trump interest rate spike

Far fewer borrowers with incentive to refinance; homes are less affordable
While still low by historic standards, interest rates are still roughly 50-basis points higher now than they were before Donald Trump won the election, and a new report from Black Knight Financial Services shows the real impact of that increase on borrowers and potential borrowers. The bottom line, according to Black Knight’s report, is that housing is less affordable right now than it was before the election.
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[Video] Is the market ready for the coming increase in households?

“We need it all over the next decade”
There are more than 70 million Millennials who want to enter the housing market in the near future, and this number is on top of the other generations that are already moving around in the housing market. How is the industry going to deliver housing units for all of these people? Lynn Fisher, the Mortgage Bankers Association’s vice president of research and economics, gives HousingWire insight on the situation.
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Ben Carson selection as next HUD leader divides housing industry

Some welcome new secretary while others criticize the pick
When it comes to President-elect Donald Trump’s newest cabinet pick Ben Carson as secretary for the U.S. Department of Housing and Urban Development, housing experts are divided. Some came out congratulating the nominee, while others are clearly disappointed by the decision.
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Texas homebuyers diversify in 2016

Women, first-time buyers move into market
Texas saw outstanding growth in home sales during 2016 in several areas including condo sales and new home sales. Not only are there more homebuyers in the market, but they're also a more diverse group than in previous years. International homebuyers, women and first-time homebuyers are all making their mark in Texas real estate.
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Opendoor raises $210 million, plans big expansion in 2017

Funding reportedly values online marketplace above $1 billion
Opendoor, an online marketplace that buys homes direct from homeowners, announced plans to expand beyond the two markets where it’s currently available thanks to a round of funding that reportedly values the company above $1 billion.
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