On Sunday, Nov. 9, 2014 NAR members heard from RESPA attorney Phil Schulman about the Consumer Financial Protection Bureau's (CFPB) changes to the Real Estate Settlment Procedures Act (RESPA) and the Truth in Lending Act (TILA) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The VA loan limits have remained at higher levels since 2008, at 150% of the GSE loan limits.
Austin’s rapid growth means the vibrant downtown is spilling over in all directions, including areas that weren’t initially designed for city living, people or the compact walkability that creates thriving metropolitan areas.
In 2013, Austin gained more people — almost 21,000 — than any other city in the country with less than one million residents. But that wasn’t so unusual for the Lone Star State, officials say. Seven of the fastest growing cities were in Texas, including Dallas, Fort Worth, Houston and San Antonio, according to U.S. Census Bureau figures. The state is also creating jobs at a rapid rate, with roughly 400,000 new positions over the past year.
The numbers clearly show that American cities are experiencing a renaissance as more millennials choose to remain in an urban setting instead of flocking to the suburbs like their grandparents did. But there’s a growing trend that says the key to creating a flourishing urban environment is bringing together high-tech businesses that can jump start a sluggish economic recovery with a place, and spaces, for people to live and play.
Detroit’s woes are well known — abandoned properties, an exodus from downtown, failed manufacturing industry. However, there are signs of life in the Motor City.