Can you afford to finance a tiny home?

As more people buckle under the weight of mortgage and rental rates, alternative housing has become a liable option. Specifically, tiny homes have piqued the interest of those wanting to ditch the picket fence and fat loan. But how affordable is a tiny home? Not very.

FOMC reveals positive outlook of economic conditions

The Federal Reserve held its meeting on the current state of the U.S. economy, where it elected not to raise interest rates during its July 31 to August 1 meeting. But despite its decision not to raise rates, the FOMC gave a positive outlook of the U.S. economy, listing the positive economic trends members continue to see.

Wells Fargo to pay $2 billion for allegedly lying about subprime mortgages

Wells Fargo will pay more than $2 billion for allegedly lying about the quality of subprime and Alt-A mortgages that backed residential mortgage-backed securities in the run-up to the housing crisis, the Department of Justice announced Wednesday. Click the headline for the full story.

Massachusetts approves short-term rental tax

Massachusetts’ legislature just approved a bill to tax and register all short-term rental activity in the state. Nationally, the temperature is rising in the short-term rental industry as more and more entities seek to regulate its growth.

Mulvaney’s shot at new White House position falls through

CFPB Acting Director Mick Mulvaney was rumored to be in the running to become President Donald Trump’s next chief of staff, however, that job may have just fallen through the cracks. As it turns out, current Chief of Staff John Kelly announced he will be sticking around until 2020.

HousingWire launches exclusive 5-part regtech podcast series

HousingWire and ComplianceEase are teaming up to launch the weekly series in mid-August and will cover topics, such as artificial intelligence, big data and compliance, compliance, compliance. So keep an eye out, we’ll announce each new episode in our email alerts, and thanks for listening!

Construction spending declines 0.1% in June

The U.S. Census Bureau of the Department of Commerce announced Tuesday that construction spending during June 2018 was estimated at a seasonally adjusted annual rate of $1,317.2 billion, 1.1% below the revised May estimate of $1,332.2 billion.

Real estate tech company Skyline AI gets $18 million vote of confidence from JLL, others

Investors are eager to get their hands on AI for their investment efforts. Skyline AI is cashing in on that demand garnering interest from major players in the commercial real estate space, including back from JLL’s new tech investment fund.

Real estate tech company Skyline AI gets $18 million vote of confidence from JLL, others

Investors are eager to get their hands on AI for their investment efforts. Skyline AI is cashing in on that demand garnering interest from major players in the commercial real estate space, including back from JLL’s new tech investment fund.

ADP: Employment increases 219,000 in July

U.S. employment rates continue to rise, increasing in almost every sector in July, according to the ADP and Moody’s Analytics National Employment Report. ADP Research Institute Vice President and Co-Head Ahu Yildirmaz said the labor market is on a roll with no signs of a slowdown in sight.