ThinkstockRising home prices, higher interest rates and low inventories have conspired recently to reduce the ability of middle-class Americans to buy a home. In some markets, middle-class buyers may be effectively shut out, while…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted an increase of 3.6% in the group’s seasonally adjusted composite index, following a rise of 5.3% for the…
ThinkstockHome prices in seven U.S. metropolitan areas rose at least 20% in 2013, according to the latest CoreLogic Case-Shiller home price index. The seven are Las Vegas (25.6%) and six California cities: Riverside (23.8%),…
ThinkstockThe percentage of U.S. homes purchased in all-cash transactions rose to 42.7% in the first quarter of 2014, up from 37.8% in the prior quarter and 19.1% in the first quarter of 2013. Institutional…
ThinkstockDetroit’s plan to auction homes for as little as $1,000 each has yielded results as at least three homes were bought for more than $30,000. The Detroit Land Bank Authority accepted bids for $30,100,…
ThinkstockThe 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. That followed a drop of 5.9% for the…
ThinkstockA home where the roof does not leak and the exterior does not need painting. With many existing homes Americans buy comes a punch list of upgrades and repairs. That is likely why so…
ThinkstockIt does not take a rocket scientist to figure out that months of weak housing data are signaling real underlying problems in the single-family home market. Sure, certain markets remain hot and with prices…
ThinkstockCompared with 2013, home prices rose 11.1% in March, marking a 25th consecutive month of year-over-year gains, according to research firm CoreLogic. Home prices in five states — Colorado, North Dakota, South Dakota, Texas…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 5.9% in the group’s seasonally adjusted composite index. That followed a drop of 3.3% for the…
ThinkstockIn the month of March, 48,000 U.S. home foreclosures were completed, up 5.9% month over month but down 10% from 53,000 in March 2013, according to research firm CoreLogic (NYSE: CLGX). While an improvement,…
ThinkstockThe S&P/Case-Shiller home price index for February was unchanged for both the 20-city and 10-city composite indexes. The 20-city composite rose 12.9% year-over-year, slightly below the consensus estimate for a gain of 13%. The…
ThinkstockThe National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes in March. The pending home sales index rose 3.4% from an upwardly revised index reading of 94.2…
ThinkstockAfter the U.S. Census Bureau released data on new single-family home sales for March Wednesday morning, the big shocker was that new home sales fell by a whopping 14.5% to a seasonally adjusted annual…
ThinkstockThe U.S. Census Bureau Wednesday morning released data on new single-family home sales for March. Sales fell 14.5% month-over-month to a seasonally adjusted annual rate of 384,000 from an upwardly revised February sales figure…