Housing

Housing development

Mortgage Loan Rates, Applications Moved Slightly Lower Last Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted a decrease of 0.2% in the group’s seasonally adjusted composite index, following a drop ...
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Townhouses

San Francisco Home Price Increase Falls to 2-Year Low

The only U.S. city to post a month-over-month house-price decrease in July was San Francisco, where prices dropped 0.4% compared with June. That is the largest decline in home price ...
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House for Sale

Pending Home Sales Slowed by Lack of Investors

The National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes in August. The pending home sales index slipped 1% from an index reading ...
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Foreclosed home

5 Metro Areas With the Most (and Fewest) Underwater Mortgages

Of nearly 49.5 million mortgaged properties in the United States at the end of the second quarter of 2014, there are about 5.3 million where the mortgage amount is greater ...
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Townhouses

August New Home Sales Soar to 6-Year High

The U.S. Census Bureau this morning released data on new single-family home sales for August. Sales rose 16.3% month-over-month, to a seasonally adjusted annual rate of 504,000, from an upwardly ...
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Housing Patterns

KB Home Does Not Even Clear Low Earnings Bar

KB Home (NYSE: KBH) reported third-quarter 2014 before markets opened Wednesday. The homebuilder reported diluted earnings per share (EPS) of $0.28 on revenues of $589.2 million. In the same period ...
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56516233

Mortgage Loan Rates Rise Slightly as Applications Slide

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted a decrease of 4.1% in the group’s seasonally adjusted composite index, following a rise ...
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Housing development

Home Prices Rise for 8 Consecutive Months

The Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.1% sequentially in the month of July. Compared with July 2013, the house price index has ...
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House for Sale

August Sales of Existing Homes Slip as Cash Buyers Pull Back

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in August slipped 1.8% to a seasonally adjusted annual rate of 5.05 million ...
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home building

New Housing Starts Take Double-Digit Dive in August

The U.S. Census Bureau and the Department of Housing and Urban Development reported Thursday morning that new housing starts in August fell sharply to a seasonally adjusted annual rate of ...
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construction

Homebuilder Confidence at 9-Year High

The National Association of Home Builders (NAHB)/Wells Fargo housing market index for September rose four points to 59 from a reading of 55 in August. The reading was higher than ...
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home building

Lennar Clears Lowered Bar, CEO Pats Himself on the Back

Lennar Corp. (NYSE: LEN) reported third-quarter fiscal 2014 results before markets opened Wednesday. The homebuilder reported quarterly diluted earnings per share (EPS) of $0.78 on total revenues of $2.01 billion. ...
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House for Sale

Mortgage Loan Rates Jump as Loan Applications Rise

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 7.9% in the group’s seasonally adjusted composite index, following a drop of ...
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foreclosure notice

Florida’s Huge Foreclose Rate Grows as National Rate Jumps 7%

The foreclosure rate nationwide moved higher by 7% in August, but several states, led by Florida, had the worst of it. According to one of the nation's top real estate ...
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House for Sale

Mortgage Loan Rate Dips on Jumbo Loans

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 7.2% in the group’s seasonally adjusted composite index, following a rise of ...
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