Housing

for sale

August Pending Home Sales Drop as Prices Rise, Inventory Falls

The National Association of Realtors (NAR) Thursday morning released its data on pending sales of existing homes for August. The pending home sales index fell 2.7 points (down 2.4%) to ...
Read Full Story »
mortgage form

Mortgage Loan Rates Dipped to 2-Month Lows Last Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a week-over-week decrease of 0.7% in the group's seasonally adjusted composite index for the week ...
Read Full Story »
Sold Home For Sale Real Estate Sign and House

June Cash Home Sales Drop Below 30% for First Time Since 2007

In June of 2016, cash sales comprised 29.3% of all home sales, down from 31.8% in June of 2015, marking the 42nd consecutive year-over-year monthly decline. Cash sales fell by ...
Read Full Story »
house with cash

Cash Sales of Homes Highest in New York State

CoreLogic keeps data on cash sales as a percentage of all home sales. In June, the number was an extraordinary 29.3% nationwide. Some states have numbers much higher than that. ...
Read Full Story »
Home

Portland, Seattle Home Prices Surge

In all 20 U.S. cities included in the S&P/Case-Shiller home price index, July house prices increased year over year, and all 20 also posted month-over-month increases. Portland (up 12.4%), Seattle ...
Read Full Story »
new house construction

New Home Sales Drop Nearly 8% in August

The U.S. Census Bureau and the Department of Housing and Urban Development reported Monday morning that sales of new homes in August slipped to a seasonally adjusted annual rate of ...
Read Full Story »
mortgage application

How Does Credit Score Influence Mortgage Rates?

Over the past 12 months the mortgage interest rate has bounced between 3.34% and 4.11%. If you are shopping for a new home, you are very likely also shopping for ...
Read Full Story »
for sale

How to Avoid Getting Sued When Selling Your Home

Selling your house can be stressful, especially if you want to sell it quickly. You may even be tempted not to reveal certain things about the house that may slow ...
Read Full Story »
football

Texas Football Star Offers Home for $465,000

Houston defensive end J.J. Watt has been described as one of the better NFL players at his position, although his play recently has been the target of sports insult specialist Skip Bayless. ...
Read Full Story »
for sale

August Existing Home Sales Dip 1%, Prices 5% Higher Than 2015

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in August fell 0.9% to a seasonally adjusted annual rate of 5.33 million ...
Read Full Story »
yellow bungalow

FHFA Home Price Index Ticked Higher in July

The Federal Housing Finance Agency (FHFA) reported Thursday morning that U.S. home prices rose 0.5% year over year in July. Compared with July 2015, the inflation-adjusted home price has gained ...
Read Full Story »
bigger fish

Lennar Moves to Acquire WCI Communities

Shares of WCI Communities Inc. (NYSE: WCIC) saw a handy gain after it was announced that Lennar Corp. (NYSE: LEN) would be acquiring the company. The transaction gives WCI a total ...
Read Full Story »
house with cash

Mortgage Fraud Risk Highest in Florida, New York, New Jersey

Based on the latest data from CoreLogic's mortgage fraud risk index, mortgage lenders in the Miami metropolitan area face the highest risk for attempts to commit fraud. The index is ...
Read Full Story »
Sold Home For Sale Real Estate Sign and House

2016’s Top 20 Hottest ZIP Codes

All housing markets are not created equal. The old saw, "Location! Location! Location!" is no less true just because it's old. New data from researchers at Realtor.com has resulted in ...
Read Full Story »
mortgage application

Mortgage Loan Rates Higher Ahead of Fed Rate Decision

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week decrease of 7.3% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »