Housing

Housing Patterns

Mortgage Loan Rates Remain Attractive to Buyers, Refinancing

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted an increase of 2.4% in the group's seasonally adjusted composite index, following a decline ...
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House for Sale

June Sales of Existing Homes Reach 8-Month High

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in June rose 2.6% to 5.04 million from an upwardly revised total of ...
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General Motors headquarters

Detroit Has 26 Homes Available for $1,000 Minimum Bid

The Detroit Land Bank's efforts to sell massive inventories of unoccupied homes continues at a snail's pace. The Detroit Land Bank Authority currently has 20 homes available for auction, with ...
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construction

UBS Says Homebuilders Are Frothy: Only Four Stocks Are Buys Now

The incredible pessimism in the homebuilding industry in the late spring led to a total reverse of ground in June, and since the end of May the top homebuilding stocks ...
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home building

New Housing Starts Fall Further in June

The U.S. Census Bureau and the Department of Housing and Urban Development reported Thursday morning that new housing starts in June slipped to a seasonally adjusted annual rate of 893,000, ...
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hurricane

Foreclosure Rates in Florida Remain Sky High

RealtyTrac's monthly report on foreclosures nationwide has primarily good news. New foreclosures in June were at the lowest level since July 2006, since "before the housing price bubble burst." The ...
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56516233

Interest Rates Fall Sharply on Adjustable Rate Mortgages

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 3.6% in the group's seasonally adjusted composite index. That followed a rise ...
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Coastal Storm Waves

15 Cities at Greatest Risk From Storm Surges

The first hurricane of the 2014 season hit the East Coast of the United States just ahead of the Independence Day holiday weekend. Although the Hurricane Arthur caused only moderate ...
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Housing development

Mortgage Interest Rates Up Slightly in Holiday Week

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.9% in the group's seasonally adjusted composite index. That followed a drop ...
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foreclosure notice

States With the Highest Foreclosure Rates in May

In the month of May, 47,000 U.S. home foreclosures were completed, up 3.8% month over month but down 9.4% from 52,000 in May 2013, according to research firm CoreLogic. While ...
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New home

Mortgage Interest Rates Continue to Decline

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.2% in the group's seasonally adjusted composite index. That followed a drop ...
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Townhouses

U.S. Home Price Increases Slowing, but Rise by Double Digits in Four States

Home prices in the United States rose for the 27th consecutive month in May, but the increases have slowed sharply in the past two months. Compared with May of 2013, ...
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Housing development

Housing Spending Rose in Q1 to 17.6% of Total GDP

The sequential 2.9% decline in U.S. gross domestic product (GDP) in the first quarter of 2014 was lower than expected and the largest drop since the first quarter of 2009. ...
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home building

Homebuilders Have Lagged the Market — Four to Buy Now

While the S&P 500 is unlikely to end up the year with a stunning 30% gain as it did in 2013, as the first half of this year winds down, ...
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home building

Higher Selling Prices Drive KB Home Earnings

KB Home (NYSE: KBH) reported second-quarter 2014 results before markets opened Friday. The homebuilder posted diluted earnings per share (EPS) of $0.27 on revenues of $565 million. In the same ...
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