Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Politics & Money

Missing housing recovery hurts the economy: Bernanke

Federal Reserve Chairman Ben Bernanke told lawmakers a recovery minus housing growth is hurting the American economy.

While testifying in front of a congressional committee, Bernanke acknowledged today’s slow recovery is significantly different from the pro-growth period that followed the early 1980s recession.

Bernanke told lawmakers there are key differences in the two recovery periods — one of them being the absence of a housing recovery after the post-2009 recessionary period. Comparatively, other post-recession cycles — including the 1980s upswing — were accompanied by improvements in housing activity.

The Fed Chair said health care costs remain a giant “elephant in the room,” with health care spending close to representing 9% to 10% of gross domestic product.

Bernanke told house members cutting federal discretionary spending to zero is not enough in itself to resolve the nation’s deficit crisis.

He encouraged lawmakers to focus on quality of spending to ensure cuts are aligned with the nation’s economic growth goals.

kerripanchuk@housingwire.com

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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