Housing

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A Small Gain for Home Prices: FHFA

ThinkstockThe Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.3% sequentially in the month of August. Compared with August 2012, the house price index has gained 8.5%. The FHFA…

Paul Ausick · 13 years ago

Mortgage Loan Rates at Four-Month Lows

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.6% in the group’s seasonally adjusted composite index, following a rise of 0.3% for the previous…

Paul Ausick · 13 years ago

Weyerhaeuser and the Questionable Home Builder Sale

ThinkstockWeyerhaeuser Co. (NYSE: WY) soon will be a paper and forestry company that is merely a paper and forestry company, if reports that have resurfaced turn out to be fact. Reports hit yet again…

Jon C. Ogg · 13 years ago

Sales of Existing Homes Fall from Six-Year High

ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in September fell 1.9% to 5.29 million from an downwardly revised total of 5.39 million in August.…

Paul Ausick · 13 years ago

The Best Cities to Flip a House

ThinkstockHome flips, an important measure of housing market activity, declined 35% in the third quarter of 2013. Flipping a house — which involves buying, renovating and then reselling it — peaked in popularity in…

247alex · 13 years ago

Home Builder Confidence Tracks Economic Uncertainty

ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index fell by two points from a downwardly revised 57 in September to 55 in October. The reading was lower than a forecast of…

Paul Ausick · 13 years ago

Mortgage Loan Rates Dip, Boosting Applications

ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.3% in the group’s seasonally adjusted composite index, following a drop of 0.4% for the previous…

Paul Ausick · 13 years ago

Home Foreclosures Tick Up in August

ThinkstockIn the month of August, 48,000 U.S. home foreclosures were completed, up 1.3% from a revised total of 47,000 in July and down 34% from 72,000 in August 2012, according to research firm CoreLogic…

Paul Ausick · 13 years ago

Change in Store for Mortgage Markets?

ThinkstockMortgage lending services provider Lender Processing Services Inc. (NYSE: LPS) issued its monthly Mortgage Monitor for September Monday morning with data through the end of August. Delinquencies and foreclosures continue falling, and there is…

Paul Ausick · 13 years ago

Re/Max IPO a Solid Winner

ThinkstockReal-estate brokerage firm Re/Max Holdings Inc. (NYSE: RMAX) held its initial public offering (IPO) Wednesday morning, selling 10 million shares at $22 a share. The offering priced above the expected range of $19 to…

Paul Ausick · 13 years ago

Loan Applications Drop with Mortgage Rates

ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.4% in the group’s seasonally adjusted composite index, following a rise of 5.5% for the previous…

Paul Ausick · 13 years ago

Rising Home Prices Should Drive Stocks of Home Builders

ThinkstockHome prices rose 12.4% again in August, compared with the same month a year ago, for a 18th consecutive monthly year-over-year gain, according to research firm CoreLogic Inc. (NYSE: CLGX). Home prices rose 0.9%…

Paul Ausick · 13 years ago

Pending Home Sales Constrained by Inventory, Higher Prices

ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in August. The pending home sales index fell 1.6% from a downwardly revised index reading of 109.4…

Paul Ausick · 13 years ago

New Home Sales Not as Good as They Look

ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for August. Sales rose 7.9% month-over-month, to a seasonally adjusted annual rate of 421,000 from a downwardly revised July sales figure…

Paul Ausick · 13 years ago