States Battered By Housing Show Some Improvement
Flickr, Images of MoneySome of the states which had the largest drop in home values during the housing market collapse have begun to recovery at a rate better than the national market. It may be…
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Newest first · Page 178Mortgage Applications Rose Last Week
For the first time in seven weeks, the number of mortgage applications has risen from the previous week’s total according to the latest data from the Mortgage Bankers Association (MBA). The increase was driven…
Apartment Vacancies At All-Time Lows
Apartment vacancy rates rose to their lowest level since 2001, according to research firm Reis Inc. Part of the reason is an influx of young people into the rental market. Another is that people…
Home Construction Spending Hammered Down
Construction spending dropped 1.1% in February, according to the Commerce Department. The numbers were a disappointment to most analysts In all probability, builders continue to watch a drop in home prices which was most…
PulteGroup Sinks Homebuilders Shares (PHM, DHI, KBH, MHO, XHB)
Homebuilder PulteGroup Inc. (NYSE: PHM) is leading homebuilding stocks into another trough today following a downgrade from S&P Capital IQ to ‘Strong Sell’. MarketWatch cites an analyst’s comment on Pulte that likely applies to…
Troubled U.S. Cities Still Face Jobs Problems
New data from Gallup show that some cities that suffered the worst jobs losses during the recession have the lowest job creation now. The five metropolitan areas at the bottom of the Gallup Job…
Newcastle Sets Large Secondary Offering (NCT)
Newcastle Investment Corporation (NYSE: NCT) is getting clobbered on news of a secondary offering. The company now plans to sell some 16.5 million shares of common stock in a public secondary offering of its…
Freddie Mac Sees Mortgage Rates Rising to 4.5% in 2012
Freddie Mac is out with its U.S. Economic and Housing Market Outlook for March. The GSE’s report shows signs that the housing market is “awakening from its depression-like condition of the past few years…
Homebuilders Rally, Ignore Case-Shiller Drop (LEN, PHM, BZH, DHI)
This morning’s report on the S&P Case-Shiller housing price index indicated that housing prices continue to fall in the US (our coverage here). Shortly before the January data was released, homebuilder Lennar Corp. (NYSE:…
Freddie Mac Reports Single-Family Delinquency Rate Falls
For the month of February, the percentage of single-family homes that were three or more months behind in payments fell to 3.57%, the first time since August 2011 that the month-to-month change has fallen.…
Case-Shiller Real Estate Index Beaten Down
Whatever hope there has been for a real estate market recovery was crushed today and Case-Shiller issued its data for prices in the top 10 and top 20 markets. Data through January 2012, released…
Homebuilder Lennar Hammers Estimates (LEN)
Lennar Corp. (NYSE: LEN), one of the country’s largest homebuilders, today reported earnings for its first fiscal quarter ended February 29th. The company reported EPS of $0.08 on total revenue of $724 million. The…
Case-Shiller On The Way
Flickr, Images of MoneyThe S&P/Case-Shiller index of property values in 20 cities will be released today. It is one of the critical barometers of home prices and is usually a fairly good basis on…
Pending Home Sales Still Look Rocky
Flickr, Images of MoneyWhat happened to all the reports about the bottom in the housing market? The number of pending home buyers who have signed contracts to buy a house fell in February. Data…
Pending Home Sales Decline
The National Association of Realtors (NAR) this morning announced that its pending home sales index fell in February from January’s reading of 97.0 to 96.5. The consensus estimate for the index called for a…