More Willing to Relocate to Buy Affordable Home
Homebuyers—particularly first-time buyers squeezed by competition and soaring home prices—are considering many options, including relocating to other parts of the country, said Bankrate, New York. And according to a similar report from Redfin, Seattle, migrating could be their best option.
CFPB Bolsters Enforcement Efforts by States
In another effort to promote enforcement of consumer protection laws, the Consumer Financial Protection Bureau last week issued an interpretive rule that supports states’ authorities to pursue lawbreaking companies and individuals that violate provisions of federal consumer financial protection law.
Federal Reserve Board: Household Financial Well-Being Improves
U.S. household financial well-being improved in 2021, the Federal Reserve Board said on Monday.
Real Estate Assets Under Management Reaches Record
Total global real estate assets under management reached a record $4.3 trillion last year, surpassing the prior record $3.5 trillion figure achieved at year-end 2020.