Today’s News Synopsis:

Will a NAR proposed rule change give you the “MLS of Choice?”    The latest Cost vs. Value Report from Remodeling Magazine showed the top ten home renovations that would give the best and worst ROIs.  The amount of mortgage credit available increased last month by 0.7% to 180.2.

In The News:

CoreLogic – “CoreLogic Innovation Grows User Base to More Than a Million Real Estate Agents” (9-11-2017)

“CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced today that its focus on innovation in real estate solutions is helping drive its market penetration to record heights.”

Freddie Mac – “Freddie Mac Prices $487 Million K-Deal, K-W03, Supporting Affordable Multifamily Housing for
Low-and Moderate-Income Working Families” (9-11-2017)

“Freddie Mac (OTCQB: FMCC) today announced the pricing of a new offering of guaranteed Structured Pass-Through Certificates (K Certificates) backed by loans on multifamily properties affordable to working households earning low- to moderate-incomes.”

Mortgage Bankers Association – “Mortgage Credit Availability Increases in August” (9-11-2017)

“Mortgage credit availability increased slightly in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.”

CNBC – “Nordstrom to roll out smaller stores with no merchandise, more experiences” (9-11-2017)

“Nordstrom is trying something different: stores without inventory.  The department store chain announced on Monday that it’s preparing to roll out a new line of stores, called Nordstrom Local.”

HUD – “HUD Announces Disaster Assistance for Puerto Rico Storm Victims” (9-11-2017)

“U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the Commonwealth of Puerto Rico and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma.”

Realtor.com – “10 Home Renovations That Offer the Best (and Worst) Return on Investment” (9-11-2017)

“Remodeling may be a labor of love, but it’s also an investment that can seriously boost the value of your home.  Only by how much? Well, according to Remodeling magazine’s 2016 Cost vs. Value Report, you’ll recoup an average of 64% of what you paid for a renovation if you sell your home this year.”

Inman – “Forced MLS membership no more?  The time for ‘choice’ is now” (9-11-2017)

“The committee with the longest name in real estate — NAR’s MLS Technology and Emerging Issues Advisory Board — has posted its solution for creating what some are calling ‘MLS of Choice.'”