Housing

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Pending Home Sales Drop in October

The National Association of Realtors (NAR) Wednesday morning released its data on pending sales of existing homes in October. The pending home sales index slipped 1.1% from an upwardly revised ...
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New home

New Home Sales Rise Especially for Most Expensive Homes

The U.S. Census Bureau this morning released data on new single-family home sales for October. Sales rose 0.7% month-over-month, to a seasonally adjusted annual rate of 458,000, from a downwardly ...
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House for Sale

Mortgage Loan Rates Remain Low as Mortgage Applications Slip

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 4.3% in the group’s seasonally adjusted composite index for the week ending ...
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home prices

Washington, Atlanta Home Prices Drop in Sept

In nine of 20 U.S. cities included in the S&P/Case-Shiller home price index, September house prices declined, and in six of those cities the drop was greater than the 0.1% ...
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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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