Housing

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The Most Expensive House in Detroit

In a city where the government recently decided to sell homes for as little as $1,000, there is only a single house for sale for more than $1 million. Its ...
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townhomes

Americans See Real Estate as Best Long-Term Investment

In another sign that the housing crisis has ended and that home sales and home prices have recovered, people view real estate as the best long-term investment they can have. ...
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construction

New Housing Construction Jumps Nearly 3% in March

The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in March rose to a seasonally adjusted annual rate of 946,000. ...
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House for Sale

Mortgage Rates Down, Applications Up Last Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 4.3% in the group's seasonally adjusted composite index. That followed a drop ...
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home building

Home Builder Confidence Downbeat on Tight Credit, Limited Building Lots

The National Association of Home Builders (NAHB)/Wells Fargo housing market index for April rose one point to 47 from a reading of 46 in March. The reading was below a ...
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Townhouses

Ten Countries Racing to Buy American Homes

International homebuyers are attracted to the United States for a number of reasons. These include favorable housing prices, good weather, the country's relative economic stability and an attraction to America in general. ...
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House for Sale

Rising Mortgage Rates Chill Refinancing

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.6% in the group's seasonally adjusted composite index. That followed a drop ...
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foreclosure notice

Home Foreclosures Still Double Rate Before Housing Bust

In the month of February, 43,000 U.S. home foreclosures were completed, down 13.1% month over month and down 15% from 51,000 in February 2013, according to research firm CoreLogic. While ...
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Townhouses

Refinancing Slides as Mortgage Rates Continue to Rise

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.2% in the group's seasonally adjusted composite index. That followed a drop ...
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House for Sale

Five States With New Highs in Home Prices

Compared with 2013, home prices rose 12.2% in February, marking a 24th consecutive month of year-over-year gains, according to research firm CoreLogic. Home prices in four states -- Colorado, Nebraska, ...
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House for Sale

Pending Home Sales at 30-Month Low

The National Association of Realtors (NAR) Thursday morning released its data on pending sales of existing homes in February. The pending home sales index fell 0.8% from a downwardly revised ...
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Housing development

Refinancing Tumbles as Mortgage Rates Start Rising

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 3.5% in the group's seasonally adjusted composite index. That followed a rise ...
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townhomes

Five States Where Renters Can’t Afford to Live

With the collapse of the housing market, the argument about renting versus buying a home was reset. Home prices suddenly plunged. For people who kept their jobs through the Great ...
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Foreclosed home

Eight Markets With the Highest Distressed Home Sales

The real estate recovery has been extremely uneven. In some markets, prices have risen by well into the double digits. However, many of these markets are in areas such as ...
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Housing development

February New Home Sales at Highest Level Since 2008

The U.S. Census Bureau Tuesday morning released data on new single-family home sales for February. Sales fell 3.3% month over month, to a seasonally adjusted annual rate of 440,000 from ...
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