Housing - Page 2

Mansion with chairs and palms

Expensive Home Inventory Soars

The supply of homes for the rich rose rapidly in October. The same cannot be said for the inventory of low and mid-priced homes. Perhaps the top 1%, 5% or ...
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House for Sale

October Sales of Existing Homes Rise to 13-Month High

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in October rose 1.5% to a seasonally adjusted annual rate of 5.26 million ...
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home building

New Housing Starts Slip Slightly, but New Permits Rise Sharply

The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in October slipped to a seasonally adjusted annual rate of 1.009 ...
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House for Sale

Mortgage Loan Rates Not Low Enough to Attract Refinancing

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 4.9% in the group’s seasonally adjusted composite index for the week ending ...
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home building

Homebuilder Confidence Regains Upward Trend in November

The National Association of Home Builders (NAHB)/Wells Fargo housing market index for November rose four points to 58 from a reading of 54 in October. The reading was higher than ...
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California, mansion, waterfront, estate, big house, rich, wealthy, silicon valley, cliff

Miami and LA, Least Affordable Housing Markets

They are at opposite ends of the country, but both sit on oceans. One city is sprawled out over 468 square miles, the other only takes up 35. Miami (small ...
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Housing Patterns

All-Cash Home Sales Highest in Florida, Lowest in DC

In January of 2011, nearly half (46%) of all home sales in the United States were made as all-cash transactions. By August of this year that percentage had slipped to ...
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House for Sale

Mortgage Loan Rates Bounce Up and Down

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.9% in the group’s seasonally adjusted composite index for the week ending ...
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construction

D.R. Horton Earnings Hurt by Higher Costs

D.R. Horton Inc. (NYSE: DHI) reported fiscal fourth-quarter and full-year 2014 results before markets opened Tuesday. The homebuilder reported quarterly diluted earnings per share (EPS) of $0.45 on revenues of ...
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For Sale at $188, Is This America’s Least Expensive House?

Flint, Mich., was one of the hardest hit cities before and during the recession. Once one of the state's largest cities, and a prosperous one when auto production plants were ...
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Plan to Buy 6,000 Homes in Detroit Gets Killed

Among the most ambition plans to repair, in modest part, the cratered housing market in Detroit was a deal to buy 6,365 badly damaged homes all at once. The transaction has ...
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House for Sale

Mortgage Loan Rates Edging Higher

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.6% in the group's seasonally adjusted composite index for the week ending ...
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home prices

September U.S. Home Prices Rise Most in Michigan and Montana

Home prices in the United States rose for the 31st consecutive month in September, but the increases have slowed for high-end properties and risen at the lower end. Compared with ...
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gavel

More Carnage for American Realty Capital Properties Investors

RCS Capital Corp. (NYSE: RCAP) announced on Monday morning that it will not pursue its plan to purchase Cole Capital from American Realty Capital Properties Inc. (NASDAQ: ARCP) for $700 ...
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dividends

American Realty Comes Back to Reality

American Realty Capital Properties Inc. (NASDAQ: ARCP) announced Wednesday morning that its previously issued financial statements and other financial information should no longer be relied upon. This is not just ...
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