Housing

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Cities Where Housing Is Most Affordable

Among the top 100 U.S. cities based on population, the share of income needed to afford a median home based on the typical price in that market was 15.3% last ...
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House for Sale

Mortgage Loan Rates Continue Downward Trend

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted an increase of 1.4% in the group’s seasonally adjusted composite index, following a rise ...
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home building

New Housing Starts Rise Sharply in July

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

Was 2013 the Peak of the Housing Market?

Fannie Mae has issued a very mixed report looking forward. While 24/7 Wall St. covered the report earlier on Monday, what stands out is not just that housing has been ...
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Housing Patterns

Fannie Mae Slashes Home Sales Forecasts

The housing market can no longer be counted on as a driver of U.S. economic growth in either 2014 or 2015 according to August data released today by Fannie Mae. ...
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home building

Homebuilder Confidence Posts Third Consecutive Annual High

The National Association of Home Builders (NAHB)/Wells Fargo housing market index for August rose two points to 55 from a reading of 53 in July. The reading was higher than ...
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hurricane

US Foreclosures Rise, Florida Remains in Trouble

Foreclosure activity in the United States rose by 2% in July, a move so small that it does not say much about the direction of the housing industry. The foreclosure ...
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House for Sale

Mortgage Loan Rates Tick Down to Attract Borrowers

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 following a rise of ...
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House for Sale

Mortgage Loan Rates Tick Up as Refinancing Increases

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.6% in the group’s seasonally adjusted composite index following a drop of ...
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Housing development

52-Week Lows Become Reality for Homebuilders

It was just last week that we pondered whether the awful housing news would drive the homebuilder stocks to 52-week lows. It was not meant to be rhetorical, but it ...
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Housing Patterns

Mortgage Loan Rates Remain Low, but Mortgage Applications Falter

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.2% in the group’s seasonally adjusted composite index. That followed a rise ...
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home prices

Rising Cash-Out Refinancings: Return of the Housing Bubble or Normalcy?

If you were in the business of flipping houses or buying a home and using it as a personal piggy bank each time the equity in the home rose, you ...
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House for Sale

Case-Shiller Reports Slowing House Price Growth

The S&P/Case-Shiller home price index for May tumbled 1.5% for both the 20-city and the 10-city composite indexes. The 20-city composite rose 9.3% year-over-year, well below the consensus estimate for ...
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House for Sale

Pending Home Sales Post First Drop in 4 Months

The National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes in June. The pending home sales index slipped 1.1% from an index reading ...
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home building

Will Homebuilders Revisit 52-Week Lows Soon?

What ever happened to that prolonged, multiyear housing market recovery? Maybe the private equity buyers bought up all the bargains so fast that public transition cycle from owner to renter ...
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