Latest news on ‘Real Estate’
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Mortgage rates fall to record lows
NEW YORK (CNNMoney) – Mortgage rates sunk to record lows again this week.
The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early [...] -
Survey: Home prices down in most major US cities
WASHINGTON (AP) — U.S. home prices are falling again in most major cities after posting small gains over the summer and spring. The report suggests the troubled housing market remains [...]
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US New Home Sales Edge Higher
- New-home sales rose 1.3% in October, still at weak levels
- Annual rate less than half of what is considered a healthy level
- Texas general business activity gains in November, [...] -
Mortgage Rates ‘Lowest on Record’: Freddie Mac
The Street – Freddie Mac (FMCC) announced on Thursday that according to its market survey, interest rates for 30-year and 15-year fixed-rate mortgage loans hit their all-time lows.
The rate declines [...] -
Contracts to buy homes fell 1.3 percent in July
WASHINGTON (AP) – The number of Americans who signed contracts to buy homes fell in July, further evidence that the depressed housing market remains a drag on the economy.
The National [...] -
New-home sales dip in July
NEW YORK (CNNMoney) – New-home sales fell once again in July, the third straight month of declining sales for hard-pressed home builders.
New homes sold at a seasonally adjusted annualized rate [...] -
Mortgage Activity Falls, Purchase Applications Rise
WASHINGTON (TheStreet) – Mortgage applications fell 2% last week as mortgage rates edged slightly higher, though purchase applications rose to the highest level of the year.
The volume of mortgage loan [...] -
Pending home sales rise in February
The Philadelphia Inquirer – The number of contracts signed for existing-home purchases rose 2.1 percent in February from January, the National Association of Realtors reported Monday.
The number of agreements of [...] -
Hovnanian Enterprises falls to a loss in fiscal 1Q
LOS ANGELES (AP) — Hovnanian Enterprises Inc. said Tuesday it returned to a loss in its fiscal first quarter versus a year earlier, when the homebuilder benefited from a hefty [...]
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Home Value Drop Leaves 27% of U.S. Mortgages Underwater
The Atlantic – It’s no secret that U.S. home values have begun broadly declining again since last summer. Online real estate marketplace Zillow provides some information today on how severe [...]
