Housing

New Home Sales Tumble in July 

Posted: August 23, 2019 at 11:35 am

The U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that sales of new homes in July decreased to a seasonally adjusted annual rate (SAAR) ...
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July Sales of Existing Homes Beat Estimates Even as Prices Rise

Posted: August 21, 2019 at 10:45 am

The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in July rose 2.5% to 5.42 million from a total of 5.27 million ...
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Mortgage Loan Rates Mixed, New Borrower Applications Flat

Posted: August 21, 2019 at 7:30 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decline of 0.9% in the group's seasonally adjusted composite index for the week ending ...
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Phoenix to Hit 113 Today, That’s 57 Days Over 100

Posted: August 20, 2019 at 12:20 pm

Phoenix probably will set the temperature record for August 20. The heat is supposed to top out at 113. Since June 24, the daily high has topped 100, and it ...
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Mortgage Loan Rates Dive, Refinancings Soar

Posted: August 14, 2019 at 7:50 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a jump of 21.7% in the group's seasonally adjusted composite index for the week ending ...
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SunTrust Very Positive on 3 Homebuilders as Interest Rates Plunge

Posted: August 14, 2019 at 6:20 am

With interest rates and mortgage rates falling to the lowest levels in years, it makes sense that some on Wall Street are looking to the top homebuilders as consumer interest ...
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Home Foreclosures Remain at Lowest Level in More Than 20 Years

Posted: August 13, 2019 at 11:25 am

The share of home mortgage loan payments that are 30 days or more past due fell to 3.6% in May, remaining at its lowest level in more than 20 years. ...
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This Mansion In Detroit Cost 85 Times What An Average Home Does

Posted: August 11, 2019 at 7:28 am

A home built by the man who founded the retailer which would become known as KMart built a 20,000 square foot house in Detroit in 1914. It is currently for ...
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Mortgage Loan Rates Tumble to 3-Year Low on China Devaluation

Posted: August 7, 2019 at 7:30 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 5.3% in the group's seasonally adjusted composite index for the week ending ...
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June Home Prices Rose More Than 3%

Posted: August 6, 2019 at 11:40 am

U.S. home prices rose 3.4% in June compared with the same month a year ago, according to data from CoreLogic released Tuesday in the firm's Home Price Insights monthly report. ...
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Wide Home Ownership Disparities Along Racial Divide

Posted: August 1, 2019 at 3:25 pm

Since the home price recovery began in 2010, U.S. home prices have risen by 73%, even though homeownership rates among all Americans has declined by 3% to 64.1%. The rate ...
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Mortgage Loan Rates, New Applications Moved Only Slightly Last Week

Posted: July 31, 2019 at 9:50 am

When the Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, it noted a decrease of 1.4% in the group's seasonally adjusted composite index for the ...
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Freddie Mac Sees More Home Buying, but There’s a Catch

Posted: July 30, 2019 at 1:25 pm

Freddie Mac, a government-run corporation that buys home mortgages and packages them into mortgage-backed securities, said Tuesday in its monthly forecast on the mortgage market that low mortgage loan rates, ...
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Home Price Increases Continue to Pull Back: Case-Shiller

Posted: July 30, 2019 at 9:45 am

U.S. home prices are still rising, but the pace of growth continues to slow, according to the S&P CoreLogic Case-Shiller national home price index (not seasonally adjusted) for May released ...
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Mortgage Loan Rates, New Applications Both Dropped Last Week

Posted: July 24, 2019 at 7:30 am

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.9% in the group's seasonally adjusted composite index for the week ending ...
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