Housing

House for Sale

Pending Home Sales Dipped Sharply in December

The National Association of Realtors (NAR) Thursday morning released its data on pending sales of existing homes in December. The pending home sales index fell 3.7% from a downwardly revised ...
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House for Sale

Mortgage Loan Rates Ticked Higher Last Week

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week decrease of 3.2% in the group’s seasonally adjusted composite index for the week ending ...
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2014 New Home Sales Rise to 6-Year High

The U.S. Census Bureau Tuesday morning released data on new single-family home sales for December. Sales jumped 11.6% to a seasonally adjusted annual rate of 481,000 from a downwardly revised ...
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Chicago

November Home Prices Drop Most in Chicago and Detroit

The S&P/Case-Shiller home price index for November increased by 4.3% year-over-year for the 20-city composite index and by 4.2% for the 10-city composite index. The national index rose 4.7% year-over-year, ...
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Over 7 Million People Who Suffered Foreclosures Could Return to Housing Market

About 7.3 million people who owned a home that went through foreclosure in the housing market collapses could potentially be back in the real estate market within eight years. (These people are known ...
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home building

D.R. Horton Earnings Could Get Even Better as Mortgage Rates Decline

D.R. Horton Inc. (NYSE: DHI) reported fiscal first-quarter results before markets opened Tuesday. The homebuilder reported quarterly diluted earnings per share (EPS) of $0.39 on revenues of $2.3 billion. In ...
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Housing Patterns

Home Price Index Gains More Than Expected

The Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.8% month-over-month in November. Compared with November 2013, the house price index has gained 5.3%. The ...
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construction

New Housing Starts Rise, Building Permits Drop in December

The U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that new housing starts in December rose to a seasonally adjusted annual rate of 1.089 ...
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Housing development

Mortgage Loan Rates Fall to 16-Month Low

The Mortgage Bankers Association (MBA) released its most recent report on mortgage applications Wednesday morning. It noted a week-over-week increase of 14.2% in the group’s seasonally adjusted composite index for ...
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home building

Homebuilder Confidence Drops as Outlook Dims for New Sales

The National Association of Home Builders (NAHB)/Wells Fargo housing market index slipped one point from an upwardly revised reading of 58 in December to a January reading of 57. The ...
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Housing Patterns

Cash Home Sales Highest in Delaware, Alabama and Florida

Cash home sales reached a peak in January of 2011, when 46.4% of all home sales in the United States were sold for cash. That peak was nearly double the ...
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foreclosure notice

New Jersey, New York Top Foreclosed Properties List

In the month of November, 41,000 U.S. home foreclosures were completed, down 12.6% month over month and down 9.6% from 46,000 in November of 2013. Research firm CoreLogic also notes ...
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Housing development

Home Refinancing Soars as Mortgage Loan Rates Plunge

The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week increase of 49.1% in the group’s seasonally adjusted composite index for the week ending ...
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home building

KB Home Shatters Estimates on Tax Benefit

KB Home (NYSE: KBH) reported fourth-quarter and full-year 2014 results before markets opened Tuesday. For the quarter, the homebuilder reported diluted earnings per share (EPS) of $8.36 on revenues of ...
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FHA Loan Insurance Savings Likely Requires Refinancing

On Thursday in Phoenix, President Obama announced a 0.5% reduction in the amount mortgage holders pay for Federal Housing Administration (FHA) mortgage insurance. The new rate is 0.85% and is ...
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