Most Recent in News economics

on November 12,2010
After gaining ground for two straight months, pending home sales dipped slightly in September, according to the National Association of Realtors.
on November 12,2010
Nearly a quarter of U.S. mortgage holders owe more money than their house is worth, according to a report by Zillow. In the third quarter of 2010, the percentage of those underwater rose to 23.2...
on November 12,2010
Realtors at the annual conference in New Orleans got a sobering reminder that the housing boom is gone for good, The Wall Street Journal reported.
on November 11,2010
Nearly half of the metropolitan areas tracked by the National Association of Realtors (NAR) showed modest increases in single-family home prices compared to last year. NAR’s latest survey showed that...
on November 05,2010
The percentage of households that owned their home hit its lowest level since 1999. The rate for the July-September quarter remained unchanged at 66.9%. Homeownership reached its peak in 2004, with...
on November 05,2010
As the economy continues to tread water, the number and popularity of reverse mortgages has skyrocketed 166% over the past few years. The mortgages have been especially popular among older, cash-...
on November 05,2010
The single-family housing market will grow 27 percent in dollars in 2011. That translates into a 25 percent increase in the number units to 565,000, according to the McGraw-Hill Construction Outlook...
on November 05,2010
The mid-term elections are over, but there are still several issues that will have a real impact on home builders. Here are four points for strategic perspective that John Burns Real Estate...
on November 05,2010
ServiceMagic.com, a website that connects homeowners to prescreened, customer-rated contractors nationwide, released its annual Home Modeling & Repair Index for the third quarter of 2010. The...
on November 04,2010

The results of Tuesday’s elections could have a major effect on the 50-state probe into the country’s foreclosure issues. Two of the investigation’s key proponents, Ohio Attorney...

on November 03,2010

The U.S. homeownership rate is at its lowest level since 1999, said a report by the Wall Street Journal. According to the Census Bureau, 66.9 percent of households owned their homes. In...

on November 02,2010

American homeowners may not spend significantly on home improvements in the near future, according to report by the Wall Street Journal. Americans tend to spend more on home improvement...

on November 01,2010

Fannie Mae’s new policy of running a last-minute credit check on borrowers during the last few weeks before closing a mortgage may cause added issues for consumers, according to a report by...

on October 29,2010
The Concord Group, a California-based real estate strategy firm, predicts that national home sales will improve by early 2012, with annual housing units ramping up to 640,000 by the fourth quarter of...
on October 29,2010
Despite a significant improvement from August, new home sales in September were among the worst on record since 1963, The Wall Street Journal reported. September sales rose to a seasonally adjusted...
on October 29,2010

The Mortgage Bankers Association (MBA) predicts that 30-year fixed-rate mortgage rates will rise to 4.7 percent in the first quarter of 2011, and to 5.1 percent by the end of that year, according...

on October 28,2010
NAHB's Remodeling Market Index stays flat in the third quarter, showing no growth in business for remodelers
on October 28,2010
Sales of newly built, single-family homes rose 6.6 percent in September, the best rate since June, according to data released by the U.S. Commerce Department, said a press release by the National...
on October 27,2010

The government will have to continue its involvement in the housing and mortgage markets, as the industry forecast for the next year remains dreary, said Freddie Mac CEO Charles E. Haldeman Jr....

on October 26,2010

Existing home sales increased 10 percent in September according to the National Association of Realtors (NAR), said a report by Forbes.com. There were 4.53 million existing home sales last month,...