The 10 Markets with the Most Empty Homes
ThinkstockWhen you want to gauge the health of a housing market, your instinct may be to check housing prices, sales volume or possibly even foreclosure rates. Read: The 10 Markets with the Most Empty…
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Newest first · Page 165Home Sales, Builder Confidence Rise
ThinkstockThe National Association of Realtors (NAR) reported this morning that existing home sales rose by 2.1% to a seasonally adjusted annual rate of 4.79 million units in October, compared with an downwardly revised 4.69…
Lowe’s Improves, Shares Rising
ThinkstockLowe’s Companies Inc. (NYSE: LOW) reported third-quarter 2012 diluted earnings per share (EPS) of $0.35 and $12.1 billion in revenues before markets opened this morning. In the same period a year ago, the home…
Housing Bubble Catches Up with FHA
ThinkstockThe U.S. Federal Housing Administration (FHA) has posted a $16.3 billion deficit at the end of the 2012 fiscal year and may need to draw funds from the U.S. Treasury for the first time…
Bernanke Warns on Housing
ThinkstockWhatever good news has been released about the housing market recently has not changed the outlook of Ben Bernanke and his worry over an eventual recovery of the sector. Bernanke believes that the breadth of…
Bernanke Comments: Tighter Lending Standards Hurts Housing
ThinkstockFederal Reserve Chairman Ben Bernanke was speaking at the Operation HOPE Global Financial Dignity Summit in Atlanta, Georgia today. His speech was titled “Challenges in Housing and Mortgage Markets” and the focus was on…
October Foreclosures Up 3% — RealtyTrac
ThinkstockA total of 186,455 foreclosures filings were made in the United States during the month of October, according to real estate tracking firm RealtyTrac. That number represents a rise of 3% month-over-month, and a…
October Homes for Sale Declines, Prices Flat: Realtor.com
ThinkstockAccording to data released today by Realtor.com, the number of homes for sale fell by 17% year-over-year in October. And instead of rising prices, the real estate website says that prices have remained flat.…
Mortgage Applications Rebound on Rebuilding After Hurricane
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a rise of 12.5% in the group’s seasonally adjusted composite index, compared with last week’s decrease of 5%. Unadjusted,…
Home Depot Raises Forecast on Solid Earnings Beat
Wikimedia CommonsThe Home Depot Inc. (NYSE: HD) reported third-quarter adjusted diluted earnings per share (EPS) of $0.74 and $18.1 billion in revenues before markets opened this morning. In the same period a year ago,…
Beazer Misses, Horton Tops Quarterly Profit Estimates (BZH, DHI)
ThinkstockHomebuilders Beazer Homes USA Inc. (NYSE: BZH) and D.R. Horton Inc. (NYSE: DHI) reported fiscal fourth-quarter 2012 earnings this morning. For the quarter, Beazer posted a net loss of $2.82 per share on revenues…
California Metro Housing and Condo Prices Keep Rising, Outpacing National Gains
ThinkstockCalifornia real estate is back! That is what the newest data from the National Association of Realtors is signaling for the third quarter of 2012. The Western regional sales were the biggest driver of…
Texas Posting Big Metro Housing and Condo Price Gains
ThinkstockHousing prices are still on the rise in the U.S., according to the National Association of Realtors. Its Single Family report for the third quarter of 2012 showed a 7.6% gain in the median…
Annaly Risks and Downgrades Highlight Further Risks in High-Yield Mortgage REITs
ThinkstockThe mortgage REIT sector’s issues are starting to surface. Annaly Capital Management Inc. (NYSE: NLY) is said to be one of the safest of the high-yield mortgage REIT sector, but its shares are not…
Hurricane Sandy Stifles Mortgage Applications
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 5% in the group’s seasonally adjusted composite index compared with last week’s decrease of 12%. Unadjusted,…