housing market recovery - Articles

Homebuilder Confidence Rises, Barely

APBuilders complain of a shortage of workers. By Paul Wiseman U.S. homebuilders' confidence in the housing market rose modestly in April but remained at low levels for the third straight month, constrained by tight credit for homebuyers and a shortage of workers and available land. The National Association of Home... Continue Reading »

Most U.S. Homes Now Affordable for Average Buyers

Zillow By Cory Hopkins The majority of homes nationwide are more affordable now than they were in the years leading up to the start of the housing bubble, with homebuyers currently spending a smaller share of their incomes on a mortgage than they have historically. Nationwide, roughly two-thirds (66.4 percent) of... Continue Reading »

Underwater Homes Recede to Below 20% in U.S.

Zillow By Camille Salama The share of U.S. homeowners who owe more on a home than it's worth has dropped below 20 percent for the first time in years, according to Zillow's fourth quarter Negative Equity Report. As home values have continued to rise over the past year, millions of so-called "underwater" homeowners... Continue Reading »

Zillow Housing Outlook: Mixed Forecast for 2014's Market

By Cory Hopkins After a robust bounce off the bottom throughout 2013 that buoyed national home values 6.4 percent year-over-year by the end of the fourth quarter, the housing recovery has entered its middle stages, setting the stage for a mixed 2014, according to the fourth quarter Zillow Real Estate Market Reports. The... Continue Reading »

Why Manhattan Is the Most Robust Real Estate Market in U.S.

Shutterstock By Lauren Riefflin While national home values remained strong this past quarter, 2014 is expected to bring a slowdown of appreciation to much more sustainable levels. The Manhattan real estate market, on the other hand, continues to heat up. Taking a deep dive into the most robust real estate market in the... Continue Reading »

October's Home Prices Show Fastest Rise Since 2006

Matt York/The Associated Press By Josh Boak WASHINGTON -- U.S. home prices rose in October from the previous year at the fastest pace in almost eight years. But price gains slowed in most U.S. cities from September to October, suggesting the increases are leveling off. The Standard & Poor's/Case-Shiller 20-city home... Continue Reading »

Healthiest Housing Markets Report: The West Leads the Rest

Jeff Chiu/The Associated Press By Cory Hopkins According to the newly released Zillow Market Health Index, the nation's healthiest housing markets in October were clustered in California and the rest of the West. Zillow's Market Health Index, calculated on a scale from 0 to 10, is a new measure designed to illustrate... Continue Reading »

What Homebuyers Can Be Thankful for in 2013

Shutterstock Homebuyers have had it tough lately, suddenly finding themselves in a sellers market as summer came along. And mortgages suddenly cost more too -- when you could even get one. But of course Thanksgiving isn't about looking at negatives. So, if you can, look past that elephant-in-the-room that is the credit... Continue Reading »

U.S. Homeownership Rate Still Stuck in the '90s

Shutterstock By Lucia Mutikani Homeownership in the United States held near 18-year lows in the third quarter, suggesting that the housing market was still struggling to overcome challenges brought on by the recession. The seasonally adjusted homeownership rate, the share of households owning a home, held at 65.1... Continue Reading »

Housing Prices Lift 2.5 Million Homes Out of Negative Equity

Shutterstock Rising home prices drove down the number of U.S. homeowners struggling with underwater mortgages in the second quarter, leaving 14.5 percent of residential properties with a mortgage in negative equity, a report from CoreLogic showed on Tuesday. The rate was down from 19.7 percent in the first quarter, 22.3... Continue Reading »

Tech Rebound Lifts Silicon Valley Home Prices to New Heights

By Cadie Thompson Home prices in Silicon Valley continue to skyrocket, with little sign of returning to earth anytime soon, according to real estate experts. For the past four months, the average price of a single-family home in Santa Clara County -- the heart of Silicon Valley -- has been more than $1 million,... Continue Reading »

Towns Where Housing Markets Are Turning Around

With an average of 1.8 million homes on the market on any given day in the second quarter of 2013, home list prices are rising in major metro markets around the nation as housing inventory continues shrinking, but the city of Detroit, which filed for bankruptcy last month, is that one surprising dark horse among the Top... Continue Reading »

San Diego's Famous 'Cats' House' Sells

How long do you think it would take to sell a house dedicated to the comfort of cats? We're not talking about the kind of feces-strewn cat-hoarder hovel that regularly shows up on the local news as a neighborhood nuisance. This is "The Cats' House" in San Diego made world famous -- some would say notorious -- via video... Continue Reading »

More Young People Buying Homes but Settling for Less

The economic recovery has brought with it significant improvements in the national housing market. And now many consumers are in a better position to buy a home after dealing with many financial problems just a few years ago. But with that change comes shifting demographics of who homebuyers generally are, according to... Continue Reading »

How Rising Mortgage Rates Might Cool a Hot Housing Market

Mortgage rates have been extremely low for some time now. However, with rates on the rise once again, some worry that the declining affordability could be harmful to the recovery of the market as a whole. The number of homes currently on the market remains relatively constrained and that in turn is leading to higher... Continue Reading »

Case-Shiller: Home Prices See Biggest Jump in 7 Years

By Christopher S. Rugaber WASHINGTON -- U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor's/Case-Shiller home price index... Continue Reading »

New Home Sales Up 2.3% in April as Median Price Hits Record High

WASHINGTON -- Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering. New-home sales rose to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department said Thursday. That... Continue Reading »

Housing Starts Drop but Building Permits Soar

By Martin Crutsinger WASHINGTON -- U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month. And applications for new construction reached a five-year... Continue Reading »

Fannie Mae Earns $17.2 Billion in 2012, Biggest Annual Gain

By Marcy Gordon WASHINGTON -- Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. The 2012 gain was driven by the housing recovery, which has reduced delinquencies and lifted home prices six years after the bubble burst. The... Continue Reading »

Signed Contracts to Buy U.S. Homes Dips Slightly

By MARTIN CRUTSINGER WASHINGTON (AP) - A measure of Americans who signed contracts to buy homes fell only slightly in February to the second-highest level in nearly three years. The report suggests sales of previously occupied homes will keep rising in the coming months. The National Association of Realtors says its... Continue Reading »

New Home Sales Took a Tumble in February

Sales of new U.S. single-family homes fell more than expected in February after hefty gains the previous month, but steady gains in home prices suggested the housing market recovery remains intact. The Commerce Department said on Tuesday sales dropped 4.6 percent to a seasonally adjusted annual rate of 411,000 units.... Continue Reading »

Home Prices Post Best Yearly Increase Since 2006

U.S. single-family home prices rose in January, starting the year with the biggest annual increase in 6½ years in a fresh sign that the housing market recovery remains on track, a closely watched survey showed on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 1 percent... Continue Reading »

Done Cheering for Home Sales? Here's What's Really Going On

Existing home sales are up: Rah! Rah! Rah! You're probably hearing the resounding cheers as the National Association of Realtors reported Thursday that sales of existing homes rose to a three-year high in February. Even more exciting is that real estate inventory, which has been frustratingly low for quite a while,... Continue Reading »

U.S. Housing Starts Rise, Permits at 4 1/2-Year High

By Christopher S. Rugaber WASHINGTON -- U.S. builders started more houses and apartments in February and obtained permits for future construction at the fastest pace in 4½ years. The increases point to a housing recovery that is gaining strength. The Commerce Department said Tuesday that builders broke ground on... Continue Reading »

Trulia Housing Barometer: Housing Market 52% Back to Normal

Each month, Trulia's Housing Barometer charts how quickly the housing market is moving back to "normal." We summarize three key housing market indicators: construction starts (Census), existing home sales (NAR) and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, we compare this month's data to... Continue Reading »

Top 10 Turnaround Housing Markets in 2012

By Mamta Badkar The U.S. housing market turned the corner in 2012. The latest home price report from Trulia says home prices were up 5.1 percent year-over-year nationally. And the pace of increases also picked up in 2012. With home prices up 0.8 percent quarter-over-quarter in the first quarter, and up 2.3 percent in... Continue Reading »

New Home Sales in November Hit Fastest Pace in 2.5 Years

WASHINGTON (AP) - Americans bought new homes last month at the fastest pace in more than two and a half years, adding to other recent evidence that the housing market is steadily recovering. The Commerce Department says that sales of new homes rose 4.4 percent in November to a seasonally adjusted annual rate of 377,000.... Continue Reading »

Real Estate 2012: The Year the Housing Market Turned the Corner

2012 will probably be considered the year that a sinking housing market finally hit bottom and began to rise again. Home prices, home sales and new home construction all substantially increased amid shrinking inventory and record-low mortgage rates. Adding to the drama (and perhaps aiding the recovery): Lenders finally... Continue Reading »

Home Prices Rise 6.3% in October, Most in 6 Years

By Christopher S. Rugaber WASHINGTON -- A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market. Core Logic also said Tuesday that prices declined 0.2 percent in October from... Continue Reading »

Pending Home Sales Near 6-Year High

By Christopher S. Rugaber WASHINGTON -- An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made homebuying more attractive. The National Association of Realtors said Thursday... Continue Reading »

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