America Has 33.6 Million Spare Bedrooms
There are 33.6 million spare bedrooms in the United States, which represents $175 billion in real estate value.
Housing
All Housing Articles
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January Cash Home Sales Highest in Alabama, Florida, New York
In January of 2016, cash sales comprised 35.5% of all home sales, down from 39.7% in January of 2015, marking the 37th consecutive year-over-year monthly decline.
FHFA Home Price Index Rises 0.4% in February
The Federal Housing Finance Agency (FHFA) reported Thursday morning that U.S. home prices rose 0.4% month over month in February.
March Existing Home Sales Rise 5.1%
The National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in March jumped 5.1% to a seasonally adjusted annual rate of 5.33 million from an downwardly revised…
Mortgage Loan Rates Rise Slightly on 30-Year Loans
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week increase of more than 1% in the group's seasonally adjusted composite index for the week ending April 15.
5 Home Improvements That Don’t Pay Off
On average, among 27 projects included in a recent survey, the average residual value one year after the project was completed was less than 65% of the project's cost.
March Housing Starts Drop Nearly 9%
The U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that new housing starts in March fell to a seasonally adjusted annual rate of 1.089 million.
Low Rates Driving Homebuilders: 3 UBS Top Picks to Buy Now
UBS believes the housing market is moving to more volume-based growth, driven by the re-emergence of entry-level and first-time buyers.
Homebuilder Confidence Unchanged in April
The National Association of Home Builders/Wells Fargo housing market index for April remained unchanged from March's reading of 58.
Buy a House in Detroit for $1,000
The Detroit Land Authority continues to auction $1,000 houses, as the city has an estimated 40,000 houses that need to be torn down.
10 Top Cities for First-Time Home Buyers
Mortgage rates are near three-year lows, and in real terms housing prices have reverted to their levels of 2003.
Michigan Mansion on Sale for $72,500
It will need a lot of work to be livable by most standards, but a mansion in Michigan is for sale at a price of $72,800.
Mortgage Loan Rates at 16-Month Low on 30-Year Loans
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week increase of 10% in the group's seasonally adjusted composite index for the week ending April 8.
February Foreclosures Highest in Florida, Michigan, Texas
In the month of February, 34,000 U.S. home foreclosures were completed, down 10% year over year, according to CoreLogic.
Better Information Leads to Happier Mortgage Borrowers
According to the Consumer Financial Protection Bureau, more than half of the complaints it receives related to mortgage loans focus on inaccurate information about mortgage settlement.