Housing - Page 2

Mortgage Loan Rates Move Higher Anticipating FOMC Rate Hike

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 3.3% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

January Home Prices Rise Most in Washington, Oregon, Colorado and South Dakota

Home prices in the United States rose for the 60th consecutive month in January. Compared with January of 2016, home prices rose 6.9%, including the sales of distressed properties. The ...
Read Full Story »
Taxes

Home Improvement Projects That Can Cut Your Taxes

When economists write about taxes, they rarely use the word, choosing instead to refer to taxes as incentives. The idea, of course, is that government policy can be most effectively ...
Read Full Story »
Satellite

Satellite Imaging Used to Uncover Massive Homebuilder Fraud in Mexico

The U.S. Securities and Exchange Commission (SEC) recently announced that the Mexico-based homebuilder Desarrolladora Homex has agreed to settle fraud charges. According to these charges, the company reported fake sales ...
Read Full Story »
home buyers

Trials, Tribulations and Regrets of Buying a Home

For many Americans, buying a house is the most complicated financial transaction they'll ever undertake. There are literally dozens of issues to keep in mind when embarking on a home ...
Read Full Story »
tools

US Homeowners Spent $221 Billion on Home Improvements in 2015

In 2015, U.S. homeowners spent $221 billion on home improvement, maintenance and repairs, according to a report released Wednesday by the Harvard University's Joint Center for Housing Studies (JCHS). The ...
Read Full Story »
yellow bungalow

Mortgage Loan Rates Slip, Applications Rise by Nearly 6%

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 5.8% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »
townhomes

Rents Drop 10% in New York City, Double-Digits in Other Large Markets

Overbuilding and a move of people from renting apartments to owning houses have caught up with landlords, particularly in some of the largest and most expensive cities. Rents in New ...
Read Full Story »
for sale

December Home Prices Rose Most in Seattle, Portland, Denver: Case-Shiller

The S&P CoreLogic Case-Shiller national home price index rose to a record high of 185.54 in December, surpassing the previous high of 185.23 set in November. In all 20 U.S. cities ...
Read Full Story »
for sale

November Cash Home Sales Highest in New York, Alabama, Michigan

In November of 2016, cash sales comprised 32.4 of all home sales, up from 36.9% in November of 2015, marking the 47th consecutive year-over-year monthly decline. Cash sales rose by ...
Read Full Story »
Home For Sale Sign in Front of New House Real Estate

Avoid These 6 Mistakes When Buying a Home in a Seller’s Market

The national inventory of homes for sale has been stuck at low levels for months. In January, for instance, inventory was down 7.1% year over year. That means that a buyer's ...
Read Full Story »
Couple family looking to new modern big house, real estate

Buying vs Renting a Home: What the Math Says

There are plenty of arguments favoring both sides of the rent versus buy choice of how you are going to pay for shelter. Probably the main reason to buy a ...
Read Full Story »
castle silhouette

A Cheap Castle in South Carolina Is Most Popular House of the Week

It must be hard to find a 4,500 square foot castle on the market for $389,900. There is one, in a very remote area of South Carolina. The house at 875 ...
Read Full Story »
door knocker

The 25 Most Expensive Homes in America Today

Every day, there are a number of homes for sale in the United States at prices above $100 million. And there are at least 25 for sale at prices over ...
Read Full Story »
for sale

January Existing Home Sales Up Sharply, Prices Too

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in January rose 3.3% to a seasonally adjusted annual rate of 5.69 million ...
Read Full Story »