Housing

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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Just 4 States Account for a Third of Underwater Mortgages

Of nearly 44.6 million mortgaged properties in the United States at the end of the third quarter of 2014, about 5.1 million had a mortgage amount greater than the value ...
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Oregon Is Top Destination Among Movers

People who moved from one place in the United States to another last year went to Oregon more than any other state. It holds the lead despite the fact that ...
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House for Sale

Mortgage Loan Rates Turn Lower After Holidays

The Mortgage Bankers Association (MBA) released its most recent report on mortgage applications Wednesday morning. It noted a decrease of 9.1% in the group’s seasonally adjusted composite index for the ...
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Housing development

Nevada and Florida Home Prices Remain Stalled in November

Home prices in the United States rose for the 33rd consecutive month in November, but the increase continued to moderate. Compared with November of 2013, home prices rose 5.5%, including ...
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home building

November New Construction Spending Unexpectedly Drops

The U.S. Census Bureau reported Friday morning that construction spending in November decreased by 0.3% to an estimated seasonally adjusted annual rate of $975 billion from the revised estimate of ...
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House for Sale

Pending Home Sales Monthly Rise Highest in 14 Months

The National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes in November. The pending home sales index rose 0.8% from a downwardly revised ...
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