November Cash Home Sales Highest in Michigan, Alabama, Florida
In November of 2015, cash sales comprised more than a third of all home sales and marked the 35th consecutive year-over-year monthly decline.
Housing
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FHFA Shows Universal Housing Price Gains
The Federal Housing Finance Agency showed that house prices rose in the United States during the fourth quarter of 2015. This marked a streak of 18 consecutive quarterly gains.
New Home Sales Dip 9% in January
The Census Bureau reported that the median sales price for new homes sold in January fell by more than $10,000 and the average sales price slipped by almost as much.
Mortgage Loan Rates Inched Higher Last Week
For the first time in five weeks, mortgage loan rates increased for all types of loans last week.
January Existing Home Sales Tick Slightly Higher
The National Association of Realtors reports that the seasonally adjusted annual rate of existing home sales in January inched up to a seasonally adjusted annual rate of nearly 5.5 million.
Home Price Increase Highest in Portland According to Case-Shiller December Index
In all 20 U.S. cities included in the S&P/Case-Shiller home price index, December house prices increased year over year, and 12 of 20 posted a month-over-month increase.
Las Vegas at Top of Home Flipping Cities
The housing market in Las Vegas was ruined when the housing bubble burst. The same can be said of Detroit.
Housing Starts Slide Again in January
The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in January fell.
Mortgage Loan Rates Fell to Lowest Rates in a Year
The latest MBA report on mortgage applications noted a week-over-week increase of more than 8% in the group's seasonally adjusted composite index for the week ending February 12.
Homebuilder Confidence Slips in February
The National Association of Home Builders (NAHB)/Wells Fargo housing market index for February dropped three points to 58.
Detroit’s Most Expensive Home Price at $2.5 Million
In a city with tens of thousands of vacant homes, many of which will be bulldozed or sold for a few thousand dollars, a 13,000 square foot house is for sale for $2.5 million.
Cities With the Most (and Least) Empty Homes
Across the United States, the average vacancy rate was 1.6% at the beginning of February, according to new data from real estate research firm RealtyTrac.
Mortgage Loan Rates Continue Falling on Market Volatility
The latest MBA report on mortgage applications noted a week-over-week increase of more than 9% in the group's seasonally adjusted composite index.
Nearly Half of Millennials Don’t Want to Be Homeowners
Not only is the millennial generation buying fewer cars than its predecessors, it seems that millennials are also less interested in buying homes. A lot less interested.
December Foreclosure Inventory Remains Highest in New Jersey, New York
In December, 32,000 U.S. home foreclosures were completed, down more than 2% month over month, according to CoreLogic.