Housing

New home

Average Home Price Hits $191,000

Depending on which real estate data analysts use, the housing market in America is either red hot or improvements have slowed considerably. Information from RealtyTrac supports the rapid improvement case. ...
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San Francisco

Cities With the Most (and Least) Underwater Mortgages

The number of U.S. homes with underwater mortgages (i.e., the amount owed on the mortgage is greater than the market value of the home, often called negative equity) has been ...
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Mortgage Loan Rates Mostly Lower as Applications Rise

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 2.8% in the group’s seasonally adjusted composite index, following a rise of ...
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General Motors headquarters

Detroit’s Housing Market Has Never Recovered

S&P Case Shiller released its housing data for June, and Detroit did fairly well. Home prices rose 10.3%, compared to the same month last year. That was against a national ...
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Las Vegas Home Prices Surge 15%

The only U.S. city to post a year-over-year home price increase of more than 15% in June was Las Vegas, where prices rose 15.2% from June 2013. The city’s home ...
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Townhouses

July New Home Sales Falter Again

The U.S. Census Bureau Monday morning released data on new single-family home sales for July. Sales fell 2.4% month-over-month, to a seasonally adjusted annual rate of 412,000 from an upwardly ...
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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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