Housing

How Politics Continues to Hammer Fannie Mae Stock

U.S. Treasury Secretary Steven Mnuchin responded recently to a December letter from the Democratic members of the Senate Banking, Housing and Urban Affairs Committee. The Senators were seeking details on ...
Read Full Story »

US Home Prices Jumped 3.8% Last Year: Case-Shiller

U.S. home prices have risen at a quickening pace, according to the S&P CoreLogic Case-Shiller national home price index (not seasonally adjusted) for December released on Tuesday. The year-over-year increase ...
Read Full Story »

Will Fannie Mae Be the Biggest IPO of All Time?

The Federal National Mortgage Association, better known as Fannie Mae (FNMA), is one of several U.S. government-sponsored enterprises (GSEs) that has been supervised and regulated by the Federal Housing Finance ...
Read Full Story »

Detroit Is Still Selling $1,000 Homes

Detroit has thousands of vacant homes to tear down and empty lots to clear. As part of the effort to either renew or level neighborhoods, Detroit continues to offer hundreds ...
Read Full Story »

Detroit’s $3 Million House

The median home price in Detroit is something just shy of $50,000. Thousands of homes sit unoccupied, mostly waiting to be torn down. That makes a $3.25 million home at ...
Read Full Story »

December Home Price Hikes Top 3% in 6 US Cities

U.S. home prices rose 4% in December compared with the same month a year ago, according to data from CoreLogic released Tuesday in the firm's Home Price Insights monthly report. ...
Read Full Story »

Why DR Horton Earnings Are Not Impressing Investors

D.R. Horton Inc. (NYSE: DHI) reported first-quarter fiscal 2020 results before markets opened Monday. The homebuilder reported diluted earnings per share (EPS) of $1.16 on revenues of $4.02 billion. In ...
Read Full Story »

Home Prices in Some Cities Up Over 15% in December

In December, home prices surged 6.9% year over year, according to Redfin. Shrinking supply caused much of the increase. In some cities, the price appreciation was much larger. The new ...
Read Full Story »

Phoenix Home Prices Continue to Surge: Case-Shiller

U.S. home prices are rising at a quickening pace, according to the S&P CoreLogic Case-Shiller national home price index (not seasonally adjusted) for October released Tuesday. The year-over-year increase of ...
Read Full Story »

New Home Sales Remain High, Builders Optimistic for 2020

The U.S. Census Bureau and the Department of Housing and Urban Development reported Monday morning that sales of new homes in November increased to a seasonally adjusted annual rate (SAAR) ...
Read Full Story »

Fannie Mae Sees Significant Upside for Housing and Economy in 2020

If you are still stuck deep into all those "recession is imminent" calls from a few months ago, note that a few things have changed for the better. Along with ...
Read Full Story »

Mortgage Loan Applications Slipped Last Week, Loan Rates Showed Little Movement

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 5% in the group's seasonally adjusted composite index for the week ending ...
Read Full Story »

Americans With Lake Homes Beg Canada for Help

Lakefront property is often expensive. It offers easy access to boating, skiing, swimming and fishing. The real estate also may offer spectacular views. Many owners of this kind of property ...
Read Full Story »

Buying a Trump Condo Cheaper Now Than Before 2016 Election

Ahead of the November 2016 that put Donald Trump in the White House, condominiums available for sale in Trump buildings outside New York City commanded a premium of 28% to ...
Read Full Story »

US Homeowner Equity Rises by $457 Billion in Past 12 Months

Compared to the third quarter of 2018, U.S. homeowner equity in the third quarter of this year rose by $457 billion, or 5.1%. The number of homeowners whose mortgages exceed ...
Read Full Story »