A Quarter of Homeowners Have Dropped Prices Recently
In coming weeks, it will become clear if falling home prices are a trend. The extraordinary recovery of the housing market since the Great Recession may have ended.
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August Existing Home Sales Sour for Fifth Straight Month
Existing home sales were unchanged in August according to the National Association of Realtors report released Thursday. The seasonally adjusted annual rate of sale remained at 5.34 million in the month, the same as…
US Homeowner Equity Up by $981 Billion in Past 12 Months
U.S. homeowners got a 12% boost in home equity over the past 12 months as the number of U.S. homes with underwater mortgages continues to shrink.
August Housing Starts Up Sharply, Permits Tumble
Housing starts rose sharply in August according to the Census Bureau. The less-good news is that new building permits dropped sharply as well. Because these data are notoriously volatile and subject to revision, today's…
Mortgage Applications Rise Slightly, Loan Rates Continue Climbing
Applications for new mortgages rose slightly week over week as mortgage interest rates continue to march higher. According to the Mortgage Bankers Association, a 30-year fixed rate conforming loan reached a seven-year high last…
September Homebuilder Confidence Remains Solid, Lumber Prices Pull Back
The National Association of Home Builders reported that builder confidence remained at a solid level in September. Declining lumber prices are helping, but rising interest rates and labor shortages are still a problem.
Best (and Worst) Cities to Get a Mortgage with Poor Credit
Buying a home with a less than pristine credit score is still possible. But you need to know where to look and what other factors play into the mortgage-lending decision. We're here to help.
US Homeowner Equity Tops $6 Trillion
Millions of Americans have gained substantial value in the difference between the value of their homes and that of their mortgage.
Mortgage Applications Drop as Loan Rates Start to Climb
New mortgage loan applications fell by nearly 2% last week on a seasonally adjusted basis and by 13% on an unadjusted basis. Mortgage loan rates remained fairly steady during the week, but this week…
Many Stocks Riding the Waves and Pressure of Hurricane Florence and Other Storms
As Hurricane Florence takes aim at Virginia and the Carolinas, home improvement companies, tool rental firms, and even rental car agencies are expected to benefit financially once rebuilding begins.
Mortgage Delinquencies, Foreclosure Inventory Decline Again in June
Mortgage delinquencies rates fell year over year in June according to the latest Loan Performance report from CoreLogic. The nation's inventory of foreclosed properties also declined compared with June 2017.
5 Must-Dos for Home Sellers
Even though we're now in a seller's market for homes, that doesn't mean that buyers don't have some leverage. If you're selling your home, here are some tips to get that house sold at…
Mortgage Applications Slip Again, Interest Rates Also Make Small Moves
The Mortgage Bankers Association reported Wednesday morning that applications for new mortgages dipped slightly last week. Interest rates on a 30-year fixed-rate mortgage also moved slightly higher.
CoreLogic July Home Price Index Cools Off Slightly
The year-over-year increase in July's CoreLogic Home Price Index is the smallest since this past spring. Prices continue to rise more rapidly in some western states.
What’s in a Neighborhood Name? More than You Might Think.
Neighborhood names communicate to prospective buyers whether they admit it or not. Some names are more closely associated with upscale homes and high incomes than others.