ThinkstockThe National Association of Realtors (NAR) Thursday morning released its data on pending sales of existing homes in April. The pending home sales index rose 0.4% from an index reading of 97.4 in March…
ThinkstockIn the month of April, 46,000 U.S. home foreclosures were completed, down 0.4% month-over-month, but down 18% from 56,000 in April 2013, according to research firm CoreLogic. While an improvement, the number of foreclosures…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 1.2% in the group’s seasonally adjusted composite index. That followed a rise of 0.9% for the…
Toll Brothers reported better-than-expected second-quarter fiscal 2014 results before markets opened Wednesday morning. Shares were up nearly 4% in premarket trading.
Merrill Lynch analysts surveyed and spoke to around 90 community managers for the top homebuilders across the country to gauge their views on demand, traffic, inventories, pricing and incentives.
ThinkstockThe S&P/Case-Shiller home price index for March rose 0.9% for the 20-city and 0.8% on the 10-city composite indexes. The 20-city composite rose 12.4% year-over-year, above the consensus estimate for a gain of 11.9%.…
ThinkstockDetroit’s plan to auction homes for as little as $1,000 is off to a relatively good start, with the bidding on some homes moving their eventual sale price as high as $87,000. While the…
ThinkstockThe U.S. Census Bureau Friday morning released data on new single-family home sales for April. Sales rose 6.4% month-over-month, to a seasonally adjusted annual rate of 433,000, from an upwardly revised March sales figure…
ThinkstockFreddie Mac released its weekly update on national mortgage rates on Thursday morning, showing modest declines in interest rates nearly across the board. Both 30-year fixed-rate mortgages (FRMs) and 15-year FRMs got cheaper over…
ThinkstockJust five states accounted for more than half of all condominium cash sales as of January 2014. The five are Florida, Nevada, New York, Alabama and Arizona. Florida alone accounts for 36.7% of the…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in April rose 1.3% to 4.65 million from a total of 4.59 million in March. This marks…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 0.9% in the group’s seasonally adjusted composite index. That followed a rise of 3.6% for the…
ThinkstockThe numbers from the housing sector by and large have been weaker than originally expected during the first months of 2014. A new, revised 2014 outlook from Freddie Mac is out, and we have…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in April rose to a seasonally adjusted annual rate of 1.07 million, an increase of…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index for May slipped to 45 from a downwardly revised reading of 46 in April. The reading was below a consensus forecast of 49…