Housing

January Cash Home Sales Highest in Alabama, New York, Florida

January cash home sales comprised 36.5% of all home sales, unchanged compared with January 2016, ending a consecutive run of 47 months of year-over-year declines. Cash sales rose by 4.4 ...
Read Full Story »

March Pending Home Sales Slipped 1%

The National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes for March. The pending home sales index fell 0.9 points (down  0.8%) to ...
Read Full Story »

Mortgage Loan Rates Stayed Low Last Week, Applications Rose

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 2.7% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

Q1 Mortgage Fraud Risk Up 8%; Youngstown, Ohio Rises Most

The national mortgage application fraud risk index rose from 122 in the fourth quarter of 2016 to 132 in the first quarter of 2017, according to researchers at CoreLogic, a ...
Read Full Story »

Selling Your Home? Pay Attention to Comps

When preparing to sell a home you might have lived in for years and that you've adapted to fit your own tastes and needs, it's only natural to think that ...
Read Full Story »

Rules of Appreciation: Why Small Homes Pay Off Big-Time

Whether we admit it or not, when we set out to buy a home one of the things most of us think about is how much the home's value will ...
Read Full Story »

March Existing Home Sales Up as Inventory Continues Building

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in March rose 4.4% to a seasonally adjusted annual rate of 5.71 million ...
Read Full Story »

10 US Cities with the Most (and Least) Overleveraged Homeowners

When buying a home, the most important numbers for mortgage lenders are the buyer's credit score and the buyer's debt-to-income ratio. The first is a summary of how the buyer ...
Read Full Story »

Mortgage Loan Rates Fell to Multimonth Lows Last Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.8% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

March Housing Starts Dip 7%, Permits Up 17%

The U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that new housing starts in March fell to a seasonally adjusted annual rate of 1.215 ...
Read Full Story »

7 Landscaping Trends to Avoid When Selling Your Home

Aside from location, location, location, your home's landscaping is one of the first things to make an impression on a potential buyer. And it's not just curb appeal, although that ...
Read Full Story »

Haunted House in Illinois on Market for $99,000

A large, old house in Joliet, Illinois, is on the market for $99,000. The price seems cheap. However, ownership would involve two challenges. One is that the house is a ...
Read Full Story »

Detroit’s Most Expensive Home Only $2.5 Million

A 14,000 square foot, riverfront home with six bedrooms would sell for over $10 million in many cities. In rich cities like Greenwich, Connecticut, the price could be more than double ...
Read Full Story »

Mortgage Loan Rates Moving Lower, Applications Tick Higher

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.5% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

Mortgage Delinquency Rate at 10-Year Low

The share of home mortgage loan payments that are 30 days or more past due fell from 6.4% in January 2016 to 5.3% in January 2017. That's the lowest 30-plus ...
Read Full Story »