With the next race for the mayor of America’s largest city in full swing — and as a city that has consistently elected Democrats for the position for much of the past century — the first Democratic primary debate for the 2025 election was rife with attacks and sweeping policy promises. Nine candidates were on […]
Democrats put housing front and center in NYC mayoral debate Read More »
Citing a series of missteps made despite the oversight and U.S. Department of Housing and Urban Development (HUD) action plans, the chairman of the House of Representatives‘ Financial Services Committee is calling for a federal investigation into the housing authority of Little Rock, Arkansas. Rep. French Hill (R) — who represents Arkansas’s second congressional district
French Hill calls for investigation into Little Rock Housing Authority Read More »
As many local governments continue to face challenges in bolstering their housing stock, one developer is taking action against Denver over a requirement to pay into the city’s dedicated affordable housing fund. The company, redT Homes, states that it’s the Denver area’s “only residential real estate development company […] offering a full suite of services,
Developer sues Denver over its affordable housing fund Read More »
In an effort to impact the housing supply crunch faced by the city of Philadelphia, municipal lawmakers have advanced legislation designed to speed the approval process for the production of affordable housing. The move, reported by Philadelphia-based NPR affiliate WHYY, represents a coordinated effort by city leadership to speed the process for developers who specifically
Philadelphia lawmakers advance ordinance to speed affordable housing construction Read More »
A lack of affordable housing units in one of Washington state’s largest cities has pushed a community church into action as it seeks to convert some of its property holdings into as many as 60 affordable housing units. Shiloh Baptist Church in Tacoma’s Hilltop neighborhood is taking steps to convert two of its properties into
Washington state church completes affordable housing conversion Read More »
In a move seen as a blow to the city’s plans to develop affordable housing, the mayor of Fresno, California, announced during a city council meeting that the city has lost a pro-housing designation from the state due to perceived failures in expanding its affordable housing stock. In April 2023, Fresno was announced as one
California revokes City of Fresno’s ‘pro-housing’ designation Read More »
U.S. sales of previously owned homes unexpectedly dropped in April to the slowest pace in seven months, restrained by ongoing affordability constraints and highlighting a lackluster start to the key Spring selling season. Contract closings decreased 0.5% to an annualized rate of 4 million, according to National Association of Realtors data released Thursday. That fell
Existing-home sales decline, marking worst April since 2009 Read More »
The secretaries of the U.S. departments of Housing and Urban Development (HUD) and the Interior (DOI) journeyed to southern Nevada in an effort to highlight the Trump administration’s plan to sell federal lands to private developers for the purposes of housing development. Joined by Nevada Gov. Joe Lombardo (R) and Rep. Mark Amodei (R-Nev.), HUD
HUD secretary tours Nevada federal land to talk housing development Read More »
As federal budget negotiations intensify, some policymakers have floated deep cuts to the Housing Choice Voucher Program, better known as Section 8. For those in favor of reducing funding for the program, it’s simply a line item to trim. But for those of us in housing finance, it’s a structural pillar. Gutting this program would
Why Section 8 cuts are a mortgage market threat Read More »
The average home in more than half of the nation’s metro areas was overvalued by more than 10% during the fourth quarter of 2024, the latest Sustainable Home Price Trends report from Fitch Ratings declared. Nationwide, prices were 11% above where they should be, a reduction from 11.1% in the third quarter. But 85% of
Even as prices moderate, many US homes remain overvalued Read More »
Founded in 2006, the key to our success has been consistently providing outstanding customer service. We take pride in treating our clients with honesty and integrity.
NMLS 2042983
DRE 2126218
Copyright © Loanstar Mortgage, and its licensors. All rights reserved. Websites powered by Loanstar Mortgage. This is not a commitment to lend. All loans are subject to final underwriting approval and verifications. NMLS 2042983, DRE 02126218