Housing

A Quarter of Homeowners Have Dropped Prices Recently

The extraordinary recovery of the housing market since the Great Recession may have ended. After the home prices in several major markets lost much more than half their value in ...
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August Existing Home Sales Sour for Fifth Straight Month

The National Association of Realtors (NAR) reported Thursday morning that the seasonally adjusted annual rate of existing home sales in August was unchanged with a seasonally adjusted annual rate of ...
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US Homeowner Equity Up by $981 Billion in Past 12 Months

Compared to the second quarter of 2017, homeowner equity in the second quarter of this year rose by $980.1 billion, up 12.3%. The number of homeowners whose mortgages exceed the ...
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August Housing Starts Up Sharply, Permits Tumble

The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in August rose to a seasonally adjusted annual rate of 1.282 ...
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Mortgage Applications Rise Slightly, Loan Rates Continue Climbing

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.6% in the group's seasonally adjusted composite index for the week ending ...
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September Homebuilder Confidence Remains Solid, Lumber Prices Pull Back

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for September remained unchanged month over month with a reading of 67. Economists polled by Bloomberg were expecting ...
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Best (and Worst) Cities to Get a Mortgage with Poor Credit

The average credit score for homebuyers seeking a 30-year fixed-rate mortgage is 755. That rate applies to what are known as conventional, conforming loans. Those are mortgage loans for 80% ...
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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. The collapse of this difference was one of the ...
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Mortgage Applications Drop as Loan Rates Start to Climb

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decline of 1.8% in the group's seasonally adjusted composite index for the week ending ...
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Many Stocks Riding the Waves and Pressure of Hurricane Florence and Other Storms

Hurricane Florence is expected to hit the Carolinas as a major hurricane on Thursday and was already a Category 4 storm on Tuesday. Evacuations, home repairs and homes having to ...
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Mortgage Delinquencies, Foreclosure Inventory Decline Again in June

The share of home mortgage loan payments that are 30 days or more past due fell from 4.6% in June 2017 to 4.3% in June 2018. The foreclosure inventory rate ...
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5 Must-Dos for Home Sellers

Nearly every real-estate story you read these days has a sentence (or a paragraph) about the tightness of the housing market, especially for first-time buyers. Not only are homes available ...
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Mortgage Applications Slip Again, Interest Rates Also Make Small Moves

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decline of 0.1% in the group's seasonally adjusted composite index for the week ending ...
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CoreLogic July Home Price Index Cools Off Slightly

U.S. home prices rose 6.2% in July compared with the same month a year ago, according to data from CoreLogic released Tuesday in the research firm's Home Price Insights monthly ...
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What’s in a Neighborhood Name? More than You Might Think.

A rose by any other name may smell as sweet, but a neighborhood by any other name may not. That's because a neighborhood name becomes associated with the wealth and ...
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