Mortgages

The Sacramento Housing and Redevelopment Agency plans to issue up to $25 million in tax-exempt mortgage revenue bonds to finance the renovation of 74 low-income housing units in south Sacramento. The financing does not include the addition of any new affordable housing units.

Home prices in 20 U.S. cities slowed in October for a seventh consecutive month, extending the longest streak since 2014, a sign of waning demand amid higher mortgage rates and elevated property values.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.8% annual gain in August, down from 6.0% in July.

The S&P CoreLogic Case-Shiller home price index reported a 6.0% annual gain in July, down from 6.2% in June.

Thirty states told the Council of Development Finance Agencies they issued mortgage revenue bonds in 2017 compared to only 18 that issued mortgage credit certificates.

Owners of a Los Angeles complex had argued that their duty to provide affordable units ended when bonds were paid off.

The firm is expanding its bond counsel practice in Virginia and the Southeast.

Home prices rose 6.5% on an annual basis in March, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

Home prices rose 6.3% on an annual basis in February, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

Alternative funding strategies, collaborations and resiliency awareness were the buzzwords at an S&P housing conference in New York.