Housing

Detroit’s Recovery Leaves A Lot Of People Behind

The organization Detroit Future City recently published an analysis of the Detroit's recovery. The report is entitled "139 Square Miles".  The authors were less optimistic in their assessment of Detroit's ...
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7 Tips to Getting the Best Deal on a New Home

In what is now a seller's market for housing, getting a good deal on a new home can be tough. In many markets, making an offer above the asking price ...
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Eminem’s Michigan Mansion Hits Market for $2 Million

Rapper Eminem, also known as Marshall Bruce Mathers III, is a Detroit institution. His home, just north of the city in Rochester Hills, is for sale for $1.99 million. The ...
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Number of Americans With Equity-Rich Homes Rises, With San Jose, San Francisco and LA at Top

The value of American homes compared with the mortgage on those homes continues to rise since the real estate collapse during the recession, according to information from property database curator ...
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July Housing Starts Tumble, but Single-Family Starts Surge

The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in July fell to a seasonally adjusted annual rate of 1.155 ...
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Mortgage Loan Rates Ticked Lower Again, Applications Post Tiny Gain

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a slight increase of 0.1% in the group's seasonally adjusted composite index for the week ...
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Never Utter These 5 Things When Closing on a Home

You're sitting at a conference room table with your agent, the sellers of the home you are buying and their agent, just about to initial dozens of pages of documents ...
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Mortgage Loan Rates Ticked Lower, Applications Rose 3% Last Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 3% in the group's seasonally adjusted composite index for the week ending ...
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Early-Stage Mortgage Delinquencies Around 17-Year Low

The share of home mortgage loan payments that are 30 days or more past due fell from 5.3% in May 2016 to 4.5% in May 2017. The foreclosure inventory rate ...
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What Home Buyers Are Looking For and Where They’re Finding It

The search for a new home, especially among first-time buyers, has a lot of moving parts. Finding an agent, collecting the paperwork needed to get a mortgage, finding a lender, ...
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6 Tips to Help You Sell Your House — Fast

When you finally decide that it's time to sell your house and move on, you will generally focus on two things: getting the best price you can as quickly as ...
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Mortgage Loan Rates Ticked Up Last Week, Applications Fell

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.8% in the group's seasonally adjusted composite index for the week ending ...
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Housing Companies Stand Strong Despite Big Construction Spending Disappointment

The U.S. Department of Commerce reported that construction spending was down 1.3% in June from May, and May's report was revised to a gain of 0.3% from a flat 0.0% ...
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CoreLogic Home Price Index Rises Nearly 7% Again in June

Home prices rose 6.7% in June compared with the same month a year ago, according to CoreLogic. The research firm had previously forecast a rise of 5.3%, more in line ...
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Pending Home Sales End 3-Month Slide in June

The National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes for June. The pending home sales index rose 1.5 points (up 0.5%) to ...
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