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Realty Executives Suncoast Blog

174 Congress members pressure Carson to finalize FHA condo rules

Congress and industry players like NAR, teamed up to put pressure on Department of Housing and Urban Development Secretary Ben Carson to finalize the rules regarding condos and Federal Housing Administration loan approval. Fifty-four Senators and 120 house members sent a letter to HUD to hurry along the finalization of the rules in H.R. 3700.
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FHFA: Home prices rise slowly

Home prices increased slightly in April, rising only 1% from March. Capital Economics says as interest rates continue to rise and mortgage lending stays tight, there will be a continual slowdown in annual price growth.
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