At best, Case-Shiller's home price data is lagged seriously, but in the case of the current chaos that the US is going through, January's home-price index data may as well be from Venus, compared to our current Mars.
- Pending Home Sales Surge In February Ahead Of National Lockdown
Quicken and Mr. Cooper are on the hook for principal and interest even if homeowners are in arrears
It seems the collapse in the stock market and overall global sentiment in the last few weeks has overwhelmed any 'value' seen from leveraging lower mortgage rates. New Home Sales plunged 4.4% MoM (from an upwardly-revised 10.5% MoM surge in February)
The US commercial mortgage market is on the brink of COLLAPSE because of the coronavirus crisis says real estate billionaire Tom Barrack and the economic 'domino effect' could dwarf the Great Depression
While new- and pending-home-sales popped in January, existing home sales slowed. But, analysts expected a modest bounce in February but instead they soared 6.5% MoM to the highest since Jan 2007...
When you think of Tulsa, Oklahoma, you may not think it's becoming a hotbed for coworking spaces filled with young professionals working remotely. The landlocked city with a population of about 400,000 people is often referred to as the "Oil Capital
When they're not squished by big government.
Entrepreneur purchased the house in 2016 for $19.7 million
Just think about this. Sure, coronavirus may wind up ravaging our country and affecting many of our loved ones. Perhaps you will even die from it. But the silver lining is that you will die knowing you shaved 50 basis points worth of interest off of
Once again, pending home sales is the tie-breaker in US housing as new home sales soared and existing home sales dipped in January.
Throughout the Western U.S., rising dwelling costs have pushed extra individuals who can't afford homes or flats to reside in automobiles, together with RVs.
US home price growth accelerated for the 5th straight month in December (the latest Case-Shiller data), rising at 2.85% YoY - the fastest pace in almost a year...
Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages, according to a report released today from the Federal Reserve Bank of New York.
After a surge in existing home sales and a 3rd monthly decline in new home sales, pending home sales for December were expected to break the tie over the state of US housing with a continued rebound.
With the current trend toward de-cluttering and downsizing, there are plenty of books about how to winnow down possessions to the few that are truly necessary and loved. This book shows how you can live well once that's done.
...Coming To America. All of a sudden, demand for "prepper properties" is absolutely soaring, and this is driving up the prices of rural homes all over the nation.
Case-Shiller home price gains have re-accelerated over the last 3 months and analysts expected another acceleration in November (the latest data set) and were right as the 20-City Composite surge 2.55% YoY (better than the +2.40% YoY expectation).
Luxury home prices in Manhattan continue to decline, pressured by Bill de Blasio's "Mansion Tax" and the capping of SALT deductions included in President Trump's tax deal.
Following the big upside surprise in existing home sales, analysts expected new home sales to extend gains further in December but they disappointed significantly, dropping 0.4% MoM (vs +1.5%) and worse still, November's 1.3% jump was revised drastic
The SPDR S&P Homebuilders ETF closed the other day at 45.65, poking higher than February 2006's 44.70. The conventional wisdom is:
U.S. Census Bureau and U.S. Department of Housing and Urban Development, Median Sales Price of Houses Sold for the United States [MSPUS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MSPUS, January 21, 20
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Approximately half of the luxury-condo units that have come onto the market in the past five years are still unsold.
Following October and November's bounce in starts and permits, and despite solid sales and mortgage application data, analysts expected a mixed picture for housing data today (with growth in starts slowing and permits shrinking).
In ATTOM's latest annual report on the state of the American housing market, the company, which maintains a popular proprietary service for housing-market data, found that owning a median-prices three-bedroom home is more affordable than renting a si
The nation is in the midst of a housing crisis. As FEE readers well know, government policies like zoning restrictions and rent control contribute to and sustain the problem.
Despite all the new wealth created by tech IPOs in 2019, home prices in the Bay Area are stagnating at potentially dangerous peaks.
After dramatically dropping plans to move part of the company's HQ2 to the Queens' neighborhood of Long Island City...
Shipping container shelter cover installation.