ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 5.5% in the group’s seasonally adjusted composite index, following a rise of 11.2% for the previous…
ThinkstockThe S&P/Case-Shiller home price index for July posted another month of solid gains. The 20-city composite rose 12.4% year-over-year, in line with the consensus estimate for the month. The 10-city index rose 12.3% year-over-year…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in August rose 1.7% to 5.48 million from an unrevised total of 5.39 million in July. Sales…
ThinkstockHousing stocks got a boost on Wednesday following the announcement from the Federal Open Market Committee (FOMC) that the Federal Reserve would continue its $85 billion monthly asset purchases. That total includes $40 billion in…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in August rose to an annual seasonally adjusted rate of 891,000, an increase of 0.9%…
ThinkstockSince August 2012, house prices in 69 of 70 Chinese cities have risen an average of 7.5%, leading to fears of a housing bubble in the Middle Kingdom. Higher prices are encouraging more development,…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 11.2% in the group’s seasonally adjusted composite index, following a decline of 13.5% for the previous…
ThinkstockThere are more than 770,000 homes in foreclosure in the U.S. According to the latest data provided by RealtyTrac, roughly one in five of these, over 150,000 in all, has been abandoned by its…
ThinkstockIn August, the number of homeowners entering the foreclosure process, known as foreclosure starts, fell below pre-recession levels for the first time. In some states, the decline in foreclosure starts has been even more…
ThinkstockRealtyTrac produced more evidence that the housing market is in an impressive recovery. Unfortunately, the trend has left several states behind. In a statement: RealtyTrac released its U.S. Foreclosure Market Report for August 2013,…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decline of 13.5% in the group’s seasonally adjusted composite index following a rise of 1.3% for the previous…
ThinkstockThe number of U.S. homeowners who owe more on their mortgages than their houses are worth fell to 7.1 million at the end of the second quarter of 2013, an improvement of 2.5 million…
ThinkstockWhen the Mortgage Bankers Association (MBA) issued its weekly purchase applications report on Wednesday, the group noted without comment that interest rates for a conforming mortgage (less than $417,000) were 4.73%. Interest rates for…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a rise of 1.3% in the group’s seasonally adjusted composite index following a decline of 2.5% for the previous…
ThinkstockAs many as 40% of the homes sold in the U.S. in July were purchased in cash, up from 31% a year earlier, according to data published this week. Rising interest rates are partly…