In a capitalist society, it's important to understand why there needs to be competition. Now, there is some proof backing up the notion that competition can help consumers and borrowers.
The U.S. Census Bureau reported Tuesday morning that new housing construction was up nearly 11% year over year in March. New single-family home construction dipped month over month however.
Homebuilder optimism dipped slightly in April according to the National Association of Home Builders/Wells Fargo housing market index. Builders are affected by a shortage of building lots and higher materials costs.
As demand for million dollar homes rises and availability of these homes in their traditional neighborhoods declines, high-priced homes are being built in new locations and neighborhoods.
Online real estate listing service Zillow has announced a plan to buy and resell (flip) homes using its own money. Investors appear wary of the new initiative.
Rising home prices and low inventory of homes for sale mean that homebuyers, especially first-timers, find themselves willing to try almost anything to get into a house at a price they can afford. Be…
U.S. home prices rose nearly 7% year over year in February, according to the CoreLogic Home Price Index. Home prices are now more than 50% higher than their lowest point in 2011.
Mortgage loan rates rose on four popular loan types last week and applications for new mortgages rose 5%. Refinancing applications also rose after reaching a near 10-year low in the prior week.