Housing

June Housing Starts Drop to 9-Month Low

Posted: July 18, 2018 at 9:55 am

The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in June dipped to a seasonally adjusted annual rate of 1.17 ...
Read Full Story »

Mortgage Loan Rates Mixed, Applications Fell Last Week

Posted: July 18, 2018 at 7:35 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 2.5% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

Homebuilder Confidence Still Solid in July, but Not Rising

Posted: July 17, 2018 at 1:45 pm

The National Association of Home Builders (NAHB)/Wells Fargo housing market index (HMI) for July came in unchanged from June's index reading of 68. The HMI posted an 18-year high of ...
Read Full Story »

Luxury Home Prices Rising, Sales Booming

Posted: July 15, 2018 at 9:06 am

By most accounts, the U.S. economy is growing nicely, more Americans have jobs, and inflation remains under control. Looking at the market for luxury homes underlines that economic story. Prices ...
Read Full Story »

Mortgage Loan Rates Mixed, Applications Increased Last Week

Posted: July 11, 2018 at 8:25 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 2.5% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

Mortgage Delinquencies, Foreclosures Decline in April

Posted: July 10, 2018 at 10:40 am

The share of home mortgage loan payments that are 30 days or more past due fell from 4.8% in April 2017 to 4.4% in April 2018. The foreclosure inventory rate ...
Read Full Story »

10 Big City Neighborhoods Where Rents Are Cheap

Posted: July 8, 2018 at 9:10 am

As home prices continue to march higher and the nation's inventory of entry-level homes for sale remains low, more Americans find themselves renting a place to live. In fact, rental ...
Read Full Story »

Average US Rent Cost Rises 3% to All-Time High of $1,405

Posted: July 6, 2018 at 12:15 pm

For the first time, the average U.S. rental unit costs more than $1,400, setting a new record for rent at $1,405. As with all averages, rents can cost a lot ...
Read Full Story »

Mortgage Loan Rates Made Mixed Moves as Applications Dipped Last Week

Posted: July 4, 2018 at 7:43 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.5% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

CoreLogic May Home Price Index Jumps More Than 7%

Posted: July 3, 2018 at 9:40 am

U.S. home prices rose 7.1% in May compared with the same month a year ago, according to data from CoreLogic released Tuesday in the research firm's Home Price Insights monthly ...
Read Full Story »

The 10 Most Expensive US Neighborhoods

Posted: July 1, 2018 at 7:31 am

On average, the most expensive places in the world to live are Monaco, Singapore, and New York City. But you know what they say about averages: if you and Bill ...
Read Full Story »

May Pending Home Sales Tick Higher, Inventory Remains a Problem

Posted: June 27, 2018 at 12:00 pm

The National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes for the month of May. The pending home sales index dipped a scant ...
Read Full Story »

Mortgage Loan Rates Made Mixed Moves as Applications Fell 5% Last Week

Posted: June 27, 2018 at 7:40 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 4.9% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

April Home Prices Continue Upward Trend

Posted: June 26, 2018 at 10:45 am

The S&P CoreLogic Case-Shiller national home price index rose 6.4% year over year in April to a non-seasonally adjusted (NSA) index of 200.86. The increase was 0.1 percentage points below ...
Read Full Story »

How Homebuilder Lennar Crushed Estimates

Posted: June 26, 2018 at 7:35 am

Lennar Corp. (NYSE: LEN) reported fiscal second-quarter 2018 results before markets opened Tuesday. The homebuilder posted quarterly diluted earnings per share (EPS) of $0.94 on total revenues of $5.46 billion. ...
Read Full Story »