ThinkstockThe housing market has finally come full circle, at least by one measure. Foreclosure levels have dropped to those in December 2006, the year when the bubble apparently peaked. RealtyTrac noted, as it reported…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4% in the group’s seasonally adjusted composite index, following a drop of nearly 12% for the…
ThinkstockIn the month of May, 52,000 U.S. homes were foreclosed, more than a revised total of 50,000 in April and down from 71,000 in May 2012, according to research firm CoreLogic Inc. (NYSE: CLGX).…
ThinkstockThe latest data from Lender Processing Services Inc. (NYSE: LPS) shows that the total U.S. mortgage loan delinquency rate has fallen from 6.21% in April to 6.08% in May, and that mortgages in foreclosure…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 11.7% in the group’s seasonally adjusted composite index, following a drop of 3% for the previous…
Home prices rose 12.2% in May compared with the same month a year ago, the largest monthly increase since February 2006 according to research firm CoreLogic Inc. (NYSE: CLGX). The firm previously had forecast…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in May rose by 0.5% to an estimated seasonally adjusted annual rate of $874.9 billion from an upwardly revised estimate of $870.3 billion in…
ThinkstockThe National Association of Realtors (NAR) this morning released its data on pending sales of existing homes in May. The pending home sales index rose 6.5% from a downwardly revised 105.2 in April to…
ThinkstockKB Home (NYSE: KBH) reported second-quarter 2013 results before markets opened this morning. The home builder reported a quarterly diluted earnings per share (EPS) loss of $0.04 on revenues of $524.4 million. In the…
ThinkstockIf you think that the rise in mortgage rates is just a blip, you better take another look at what this does for housing affordability. Bankrate.com showed that the 30-year fixed mortgage rate hit…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 3% in the group’s seasonally adjusted composite index following a drop of 3.3% for the previous…
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for May. Sales rose 2.1% month over month to a seasonally adjusted annual rate of 476,000, from an upwardly revised April…
The S&P/Case-Shiller home price index for April posted its largest ever monthly gains. The 20-city composite rose 12.1% year over year, more than the consensus estimate for a gain of 10.9%,and above the March…
ThinkstockThe Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.7% sequentially in the April. Compared to the April 2012, the house price index gained 7.4%. The FHFA monthly index…
ThinkstockLennar Corp. (NYSE: LEN) reported second-quarter fiscal 2013 results before markets opened this morning. The home builder reported diluted earnings per share (EPS) of $0.61 on revenues of $1.43 billion. In the same period…