ThinkstockAfter a long and painful downturn in the housing market, home prices are finally beginning to head north. According to Zillow, a real estate listing website, home values rose 5.1% across the United States…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 0.2% in the group’s seasonally adjusted composite index, following a rise of 4.8% for the previous…
ThinkstockThe U.S. Census Bureau this morning released data on new single-family home sales for March. Sales rose 1.5% month-over-month, to a seasonally adjusted annual rate of 417,000, from an upwardly revised February sales figure…
ThinkstockThe Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.7% month-over-month in February, following the January housing price index gain of 0.6%. For the 12-month period ending in February…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in March declined 0.6% to 4.92 million from a downwardly revised total of 4.95 million in February.…
ThinkstockHome ownership remains part of the American dream, even for younger adults. This may help drive a recovery of the housing markets, which many analysts believe cannot be sustained long term. Data from a…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 4.8% in the group’s seasonally adjusted composite index, following a rise of 4.5% for the previous…
ThinkstockThe rise in real estate prices appears to have created a growing belief that, once again, real estate is a perfect investment. The same sentiment prevailed in 2005 and 2006 before the housing crash.…
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that new housing starts in March rose to an annual seasonally adjusted rate of nealry 1.04 million. That was…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index fell by two points in April to 42. The January reading of 47 was the highest for the index since April 2006. An…
ThinkstockWeak reports on U.S. employment sent mortgage rates sliding for a second consecutive week, according to a report today from Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage was 3.43% in…
wikimedia commonsForeclosures continue to drop throughout the United States, although they are still very high in some of the regions where home prices dropped the most: RealtyTracy released its U.S. Foreclosure Market Report for…
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 4.5% in the group’s seasonally adjusted composite index following a decline of 4% for the previous…
ThinkstockThe Office of the Comptroller of the Currency and the Federal Reserve said today that 4.2 million borrowers will begin receiving payments in the range of $300 to $125,000 beginning this week as a…
ThinkstockThe pick-up in house prices continues offer encouragement to Americans that it will continue according a recent survey by Fannie Mae. The results appear to contradict a survey released last week by the MacArthur…