housing boom - Articles

Why Renters Are Still Driving America's Building Boom

By Nin-Hai Tseng As America's housing market slowly heals, good news is pouring in from homebuilders: They're building more; they're hiring more workers; they're building bigger houses. Still, some things haven't changed: Renters (as opposed to buyers) are still driving the rebound of the residential construction... Continue Reading »

Another Sign of a Housing Boom? The Miami Condo Market

By Diana Olick During the height of the housing boom, some likened the feverish flipping game in Miami's condominium market to a circus. The circus is back, and more high-flying than ever. At a recent party to launch a new project from New York-based developer PMG, acrobats swung over the crowd, and in gravity-defying... Continue Reading »

If This California Open House Is Evidence, Housing Boom Is Back (VIDEO)

If you're doubting all the hoopla that the housing market is back, here's some evidence you can see with your own eyes. In a video of a recent open house in the San Diego neighborhood of Rancho Penasquitos posted to the blog Calculated Risk, a "frenzy" of homebuyers descend on a newly listed home in droves. "Jim the... Continue Reading »

Haunted House Discounts in Hong Kong Scared Off by Housing Boom

The only thing more terrifying than a haunted house? A housing boom. So says one Hong Kong man who told The Wall Street Journal that since real estate prices have spiked there, buying a good old-fashioned horror house sure isn't what it used to be. You see, stigmatized properties -- such as where a previous tenant or... Continue Reading »

A New Housing Boom

By Chris Isidore The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom. Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also down and the Federal... Continue Reading »

Wells Fargo Eliminates Subprime Mortgage Lending

Getting a subprime, or non-conforming mortgage, just got a lot harder. Wells Fargo, the third-largest bank in the U.S., announced it is closing a division devoted to issuing what they call "non-prime" mortgages, car loans, and credit-card loans. The bank will no longer issue subprime loans and is eliminating 3,800 related... Continue Reading »

Cash-In Refinancing on the Rise: What's in It for You?

Gone are the days when homeowners "cashed out" on the equity of their homes through refinancing, and used the money to pay off other bills, renovate a kitchen, or jet to Bora Bora. Stringent, post-housing-boom lending policies mean a gain in popularity for the complete opposite of the cash-out refi -- the cash-in... Continue Reading »

Mini Housing Boom Raises Hopes, Fears

For several months, pundits and economists have warned that demand for housing and housing prices would fall steadily for the first six months of this year, after the end of a brief recovery last year. Well, it hasn't happened yet. In fact, the latest stack of housing reports for March shows the opposite -- a... Continue Reading »

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