Mortgage Payments Growing Even Faster Than Home Prices
While home price increases have been moving higher at a good clip, mortgage payments have been running at about double the pace.
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July Pending Home Sales Extend Slide to 7 Months
Pending home sales fell for the seventh consecutive month in July according to a report Wednesday from the National Association of Realtors. The pending-sales index for July was lower in all areas of the…
Mortgage Applications Slip Lower, Loan Rates Flat
Applications for new mortgage loans dipped last week, marking the fifth of the past six weeks to post a drop. Mortgage loan rates remained essentially flat week over week.
June Home Price Hikes Moderate Slightly
The S&P CoreLogic Case-Shiller house price index dipped slightly month over month but still rose more than 6% year over year.
Home Built to Survive Nuclear War Goes on Sale
A property originally carved out of an Arkansas cave as a shelter against a nuclear war and later converted into a luxury vacation lodge is on the market for $2.75 million.
July New Home Sales Drop as Prices Jump
New home sales fell month over month in July by 1.7% although they remain 12.8% above July 2018 sales. The U.S. Census Bureau reported the data Wednesday, noting a median sales price of $328,700…
July Existing Home Sales Drop for Fourth Straight Month
The National Association of Realtors reported Wednesday morning that July sales of existing homes were down year over year. Monthly sales have fallen in each of the past 4 months, with a particularly large…
Mortgage Applications Rise After 4 Weeks of Declines
The Mortgage Bankers Association reported Wednesday morning that applications for new mortgages rose 4.2% year over year last week. That's the first increase in five weeks. Mortgage loan rate changes were mixed.
Luxury Home Market Treats Toll Brothers Splendidly
Homebuilder Toll Brothers reported third fiscal quarter revenue up 27% year over year and net income up 30%. The company also forecasts more of the same for the fourth quarter.
$12 Million Jackie Gleason Home Is Week’s Most Viewed
The Cortlandt Manor, NY, estate of the late comedian and actor Jackie Gleason is on the market for $12 million.
July Housing Starts Resume Slow Growth
New residential construction rose slightly month over month in July following a sharp decline in June. Total housing starts are up more than 6% year over year for the first seven months of 2018.
Homebuilder Confidence Dips Slightly in August
Homebuilder confidence slipped by a point in August but the market remains strong, they say, despite rising costs and other headwinds.
Mortgage Applications Slide for Fourth Straight Week, Loan Rate Changes Mixed
The Mortgage Bankers Association Wednesday morning reported that applications for new mortgages slipped for the fourth consecutive week. Loan rates moved only slightly, but the trend was lower.
Will Wildfires Threaten Record Mortgage Numbers?
CoreLogic issued its monthly Loan Performance Insights report on Tuesday morning, evaluating the foreclosure and delinquency activity through this past May. The report found that while a strong economy has led to the lowest…
Dodge These 5 Mistakes to Avoid Getting Rejected for a Mortgage
While the vast majority of mortgage applications are eventually approved, more than 10% are rejected. Here are five common mistakes homebuyers make that you can easily avoid to raise the odds that your application…