Housing Prices Rise in May
The Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.8% month-over-month in May, following a downward revision of the April housing price index to a gain of 0.7%. For…
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Newest first · Page 173Home Prices Bottom
Real estate research firm Zillow (NASDAQ: Z) reports that home prices have stabilized, based on data from the second quarter. This is the latest evidence that the sickening drop that began in 2006 may…
Bulldozing Rather Than Foreclosing
Bloomberg ran a report that showed that some banks in Ireland, with the support of the government, have started to destroy houses that were built ahead of the home value bubble. These cannot be sold,…
Existing Home Sales Decline as Prices Rise
The National Association of Realtors (NAR) reported this morning that existing home sales fell by -5.4% to a seasonally adjusted annual rate of 4.62 million units in May to 4.37 million units in June.…
Very Old Americans Face Foreclosures
The AARP issued the results of new research into the risks of foreclosures among people older than 50. The data were disturbing enough, but especially alarming when persons over 75 years old were considered. Many…
New Home Construction Rises to Four-Year High, New Permits Decline Slightly
The monthly report from the U.S. Census Bureau and the Department of Housing and Urban Development shows that new housing starts totaled a seasonally adjusted annual rate of 760,000 units in June, a rise…
Chinese Home Prices Unchanged in June
The latest survey by China’s National Bureau of Statistics indicated that average home prices in 70 Chinese cities were unchanged in June from May. That ended eight straight months of declines and suggests that…
Homebuilder Confidence Rises Most in Five Years
Signs of a recovery in the US housing market are everywhere. The National Association of Homebuilders/Wells Fargo housing market index is just the latest signal. The index rose 6 points in July, to 35,…
Will Lowest Mortgage Rates Help Housing?
Thirty-year mortgage rates fell to a low that has not been seen since numbers were first recorded in the 1980s. The rate reached 3.56%. Will that rate help the housing market? So far, the…
Foreclosures: The Worst Markets Still Suffer
RealtyTrac’s foreclosure report for the first half of this year contains mostly bad news. The worst of it came from the states that already have suffered the most. And, based on the data, that…
Homebuilder Prices Secondary Offering
Homebuilder Beazer Homes USA Inc. (NYSE: BZH) today priced a secondary offering of 22 million shares of common stock at $2.90/share, a discount of about 2.7% from last night’s closing price of $2.98/share. The…
Mortgage Applications Drop
Applications for new mortgages fell last week by a seasonally adjusted -2.1% from the previous week, including an adjustment for the Fourth of July holiday. Unadjusted, the total fell by -22%. A drop of…
Secondary Offerings Come On Strong From Housing & REITs (ARR, BZH, MTH, SNH)
When the market is stable or when shares are strong, many companies choose to unload shares to raise capital. It may hurt the shareholders today but these moves can help grow a company down…
Flat Panel TVs and Homes: More Products Becomes Commodities
Nothing kills a business quite so fast as when its most critical products become commodities. And the list of industries with this problem is growing. Even the price of homes has fallen victim to changes…
As Rentals Rise, Another Blow to Housing
Flickr, Images of MoneyReal estate research firm Reis reports that the average U.S. vacancy rate of 4.7% for rental properties is the lowest since the fourth quarter of 2001. The data cover the first quarter…