Home Values Rising at Fastest Pace in 12 Years… Biggest rollback of bank rules since financial crisis

Home Values Rise at Fastest Pace in 12 Years

Median home values across the nation rose 8.7 percent over the past year to $215,600, according to the April Zillow Real Estate Market Report

– Home values across the U.S. are rising at their fastest pace since June 2006.

– The median U.S. home value is $215,600, up 8.7 percent over the past year.

– Home values are rising the fastest in San Jose, Calif., Las Vegas and Seattle. San Jose home values appreciated 26 percent since last April.

– Median U.S. rent rose 2.5 percent over the past year to $1,449. California markets Sacramento and Riverside reported the greatest increases in median rent.

 

Trump signs the biggest rollback of bank rules since the financial crisis

 

  • President Donald Trump signs a bill rolling back certain bank regulations into law.
  • The law, which Congress passed with bipartisan support, eases rules on all but the largest institutions.
  • Proponents argue the measures will help community lenders, while opponents contend it went too far to help mid-sized and regional firms.
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President Donald Trump signed the biggest rollback of bank regulations since the global financial crisis into law Thursday.

The measure designed to ease rules on all but the largest banks passed both chambers of Congress with bipartisan support. Backers say the legislation will lift burdens unnecessarily put on small and medium-sized lenders by the Dodd-Frank financial reform act and boost economic growth.

Opponents, however, have argued the changes could open taxpayers to more liability if the financial system collapses or increase the chances of discrimination in mortgage lending.

“Dodd-Frank was something they said could not be touched. And honestly, a lot of great Democrats knew that it had to be done and they joined us in the effort,” Trump said before he signed the bill, surrounded by lawmakers from both major parties. “And there is something so nice about bipartisan, and we’re going to have to try more of it. Let’s do more of it.”

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Community banks and credit unions should be regulated the same way: President Trump from CNBC.

BOOM: $175M Estate Most Expensive on East Coast…

In 2014, activist-investor Barry Rosenstein dropped $147 million on an 18-acre waterfront property in East Hampton, at the time the most money ever spent on a home in America.

But that record — at least in the Hamptons — may soon be broken.

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