This Mansion In Detroit Cost 85 Times What An Average Home Does
A home built by the man who founded the retailer which would become known as KMart built a 20,000 square foot house in Detroit in 1914. It is currently for sale for $3.25 million,…
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Mortgage Loan Rates Tumble to 3-Year Low on China Devaluation
Mortgage loan rates have plummeted following China's surprise currency devaluation. Refinance applications have jumped.
June Home Prices Rose More Than 3%
CoreLogic on Tuesday reported that U.S. home prices rose by 3.4% year over year in June.
Wide Home Ownership Disparities Along Racial Divide
Since the U.S. economic recovery began in 2010, homeownership among black Americans has fallen by more than three times the decline in white homeownership.
Mortgage Loan Rates, New Applications Moved Only Slightly Last Week
Applications for new mortgage loans slipped a bit last week while rates on the most popular mortgages remained steady at just over 4%.
Freddie Mac Sees More Home Buying, but There’s a Catch
Freddie Mac forecasts that mortgage lending will rise this year and next on the strength of combined low mortgage interest rates and slowing home price growth.
Home Price Increases Continue to Pull Back: Case-Shiller
Year-over-year home price increases declined again in May, according to the latest S&P CoreLogic Case-Shiller national home price index released Tuesday morning.
Mortgage Loan Rates, New Applications Both Dropped Last Week
Mortgage loan rates decreased slightly last week, but the drop had no positive effect on the number of new mortgage loan applications which also dipped slightly.
June Sales of Existing Home Fall Short of Estimates
Sales of existing homes dipped 1.7% month over month in June and more than 2% compared with June 2018, according to the National Association of Realtors.
The World’s 2 Most Expensive Countries Are Islands
The most expensive countries in the world, according to new cost-of-living indices, are both places where the (expensive) living is easy: The Cayman Islands in the Caribbean and the British Overseas Territory of Bermuda,…
Mortgage Loan Rates on the Rise Again
Mortgage loan rates rose last week as yields on U.S. Treasuries rose following Fed chair Jerome Powell's comments on cutting the federal funds rate.
Rising Home Prices Keep Foreclosure Rates at Multi-Decade Lows
Delinquent home mortgage loans have fallen to 20-year lows and foreclosures have dipped back below pre-crisis levels.
Average US Rent Rose 2.6% in First Half of 2019
Average apartment rents across the United States rose by 2.6% in the first half of 2019. Manhattan has the highest average of any U.S. city while Wichita, Kansas, has the lowest.
Selling Your House May Cost You a Lot More Than You Think
Even if you decide to sell your home without using a real estate agent there are costs you will probably need to pay to ensure a quick sale at the best possible price.
Mortgage Loan Rates Mixed, New Applications Down in Holiday Week
Adjusted to account for the Fourth of July holiday, new mortgage applications dropped by 2.4% last week while mortgage interest rates mostly made small adjustments.