The debate over the state of the housing market continues to see-saw. RealtyTrac reported that April foreclosures fell again and are now back to July 2007 levels. But, the research operation’s CEO Brandon Moore…
The Commerce Department has reported that Housing Starts for the month of April are up by 2.6% to 717,000 on an annualized basis. The gains seem high, but the Dow Jones consensus was for…
The Home Depot Inc. (NYSE: HD) reported first quarter earnings this morning that were close to consensus estimates for both EPS and revenues, but just enough short to give investors pause. The home remodeling…
The interest rate on a 30-year fixed-rate mortgage fell to an all-time low of 3.83% last week according to Freddie Mac. The previous record low was 3.84% set in last week, and the rate…
Annaly Capital Management, Inc. (NYSE: NLY) is perhaps one of the most closely watched mortgage REITs of them all, in part because of the $16 billion size and in part because the team is…
Nationally, home prices are projected to decline 4% by the end of this year, according to Fiserv Case-Shiller’s latest report. Most of the country’s largest metropolitan areas will not escape this fate. In fact,…
Bank of America Corporation (NYSE: BAC) may be trying to move further and further past its mortgage exposure, but its Home Loans division is reaching out to customers who may be eligible for forgiveness…
If you only read about bed sales at the retail level and if you have watched recent IPOs up until recently, you might think that the sector was doing very well. In earnings season…
Yesterday, online real estate site Trulia released rental data for the 100 largest housing markets in the country. The report showed that while home prices have increased slightly in the past year, rent prices…
The interest rate on a 30-year fixed-rate mortgage fell to an all-time low of 3.84% last week according to Freddie Mac. The previous record low was 3.87% set in February, and the rate one…
Annaly Capital Management, Inc. (NYSE: NLY) is in the world of high-yielding mortgage real estate investments trusts, and investors often use this one as a bellweather for the entire sector as it is supposed…
The rolling ride created by housing news took a turn up. Corelogic reported a drop in foreclosures in March. Unlike data from many other research firms, the Corelogic information is only a month old and therefore has…
Timber and wood products firm Weyerhaeuser Co. (NYSE: WY) reported first quarter earnings this morning, and the results were somewhat better than expected. The company posted adjusted EPS of $0.02, better than the consensus…
New home buyers have begun to suffer from the drop in housing prices. Reuters reports that one million Americans who have taken mortgages in the last two years are “underwater”. The data provided to…
According to the latest data from the National Association of Realtors (NAR), pending home sales rose 4.1% in March to a Pending Home Sales Index reading of 101.4, up from a revised 97.4 reading…