Prices for luxury homes soared in the first quarter

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% to a median of $345,000, which is also a record high.Redfin defined
Read MoreRetiring at age 65 is no longer feasible, older investors say

Retirement at 65 has been a longstanding norm for U.S. workers, but older investors believe that not only is such an outcome unfeasible, but they’re likely to face more challenging retirements than their parents or grandparents.This is according to recently released survey results from Nationwide, w
Read MoreNew HUD rule aims to increase lender participation in tribal housing program

The U.S. Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries.The final ru
Read MoreGinnie Mae President Alanna McCargo to resign

Ginnie Mae President Alanna McCargo is resigning from her position at the government-owned company effective May 3, according to an announcement issued Friday by the U.S. Department of Housing and Urban Development (HUD).Ginnie Mae principal executive vice president Sam Valverde will serve as acting
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