housing market - Articles

Secrets to Getting Multiple Offers on a Home

ShutterstockDon't assume your home will get multiple offers. By Brendon DiSimone Homeowners hear that the real estate market has finally turned a corner and assume that means multiple offers and bidding wars are back. Even if your town is buzzing with real estate activity and sales are picking up, it doesn't mean that... Continue Reading »

Mortgage Applications Rise as Rates Fall

Brian Chan/Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase... Continue Reading »

Housing Starts Rise Less Than Forecast, Permits Fall

Patrick T. Fallon/Bloomberg via Getty Images By Lucia Mutikani WASHINGTON -- - U.S. housing starts rose but below market expectations and building permits fell in March, pointing to underlying weakness in the housing market that could persist despite improving weather. The Commerce Department said Wednesday... Continue Reading »

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 »

U.S. Counties Hitting the Highs (and Lows) in Property Taxes

ZillowWhere does your county stack up? See the full chart below. The second biggest cost of homeownership -- following the mortgage -- is usually property taxes. In 2012, U.S. homeowners paid an average of about $2,800 in property taxes, according to a recent Zillow study. And if you live in New York, New Jersey, or... Continue Reading »

Mortgage Rates Slip, Edge Closer to Record Low Levels

Tony Dejak/AP WASHINGTON -- Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week. The average for the 15-year... Continue Reading »

Mortgage Applications Fall as Refinancing Drops

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.6... Continue Reading »

U.S. Housing Market Seeing Signs of a Spring Thaw

The Associated PressApplications for home loans are at their highest point in two months. By Lewis Krauskopf and Michelle Conlin In Indianapolis, an open house event tends to draw 10 people on a good day. But after the snowiest winter on record for the U.S. Midwestern city, prospective homebuyers were champing at the... 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 »

Expect Home Prices to Keep Rising, but Not So Fast

ShutterstockHouses may be getting more expensive, but interest rates remain historically low. By Christine DiGangi Home prices increased 12.2 percent from February 2013 to February 2014, marking the 24th consecutive month of year-over-year growth, according to the most recent CoreLogic Home Price Index Report. That... Continue Reading »

Mortgage Rates Move Up a Tick in Latest Survey

Jae C. Hong/AP WASHINGTON -- Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to... Continue Reading »

Mortgage Applications Fall in Latest Week

Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand,... Continue Reading »

Home Prices Rise in February Despite Weaker Sales

Tony Dejak/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic (CLGX) said Tuesday that prices for existing homes rose 12.2... Continue Reading »

Pending Home Sales Slip as Weather, Higher Rates Stall Demand

LM Otero/AP By JOSH BOAK WASHINGTON -- The number of Americans who signed contracts to buy homes fell for the eighth straight month in February, a sign that real estate sales will likely slow over the next few months. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales... Continue Reading »

Mortgage Rates Tick Up on Fed Chair's Comments

Tony Dejak/AP WASHINGTON -- Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chair Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.40 percent... Continue Reading »

Slow Housing Market Boosts Stock in St. Joseph, Study Says

FlickrSt. Joseph figurine sales skyrocketed between 2009 and 2010. By Emily Heffter The Internet is full of tips on how to sell your home, but when the market is down, sellers start reaching beyond the Internet. Way beyond. You know, into The Great Beyond. Per Catholic tradition, St. Joseph, the patron saint of home and... Continue Reading »

Mortgage Applications Fall as Interest Rates Pick Up

Ron Antonelli/Bloomberg via Getty Images By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since January, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application... Continue Reading »

New Home Sales Fall to 5-Month Low

Tony Dejak/AP By Lucia Mutikani WASHINGTON -- Sales of new U.S. single-family homes fell more than expected and hit a five-month low in February, pointing to continued weakness in the housing market. The Commerce Department said Tuesday that sales fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units,... Continue Reading »

Home Prices Rise More Than Forecast in January

Justin Sullivan/Getty Images By Rodrigo Campos NEW YORK -- U.S. single-family home prices rose in January and slightly beat expectations, a closely watched survey said Tuesday. The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.8 percent in January on a seasonally adjusted basis. A Reuters poll of... Continue Reading »

Mortgage Rates Edge Back Down in Latest Survey

Chuck Burton/AP WASHINGTON -- Average U.S. rates on fixed mortgages declined last week, edging closer to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.32 percent from 4.37 percent last week. The average for the 15-year mortgage eased to 3.32 percent from 3.38... Continue Reading »

Existing Home Sales Slip in February

Gene J. Puskar/AP By Margaret Chadbourn WASHINGTON -- U.S. home resales dropped slightly in February to a 19 month-low as cold weather and a shortage of homes for sale continued to sideline potential buyers. The National Association of Realtors said Thursday home sales dropped 0.4 percent to an annual rate of 4.60... Continue Reading »

Mortgage Applications Fall in Latest Week

By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home... Continue Reading »

City Offers $200,000 Loans to Middle-Class Homebuyers

Jeff Chiu/The Associated Press SAN FRANCISCO -- San Francisco will now lend as much as $200,000 to some homebuyers toward a down payment on their first house or condominium. Mayor Ed Lee's decision to double the previous limit of $100,000 was intended to help middle-class residents who have been hit hard by the housing... Continue Reading »

Housing Starts Fall, But Permits Rebound

Patrick T. Fallon/Bloomberg via Getty Images By Lucia Mutikani WASHINGTON -- U.S. housing starts fell for a third straight month in February, but a rebound in building permits offered some hope for the housing market as it struggles to emerge from a soft patch. The Commerce Department said Tuesday groundbreaking... Continue Reading »

Mortgage Rates Edge Up, Remain Near Historic Lows

David Paul Morris/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week. The average for the 15-year mortgage... Continue Reading »

Mortgage Applications Slip in Latest Week

Daniel Acker/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell in the latest week as interest rates edged higher, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both... Continue Reading »

Mortgage Rates Fall, Reverse Recent Upward Trend

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for... Continue Reading »

U.S. Mortgage Applications Rise in Latest Week

Alamy By Caroline Valetkevitch Applications for U.S. home mortgages rose last week as interest rates slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 9.4 percent... Continue Reading »

Home Prices Rise at Solid Pace in January

Gene J. Puskar/AP By CHRISTOPHER S. RUGABER WASHINGTON -- U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather. Real estate data provider CoreLogic (CLGX) says prices rose 0.9 percent in January after slipping 0.1... Continue Reading »

Contracts to Buy Homes Barely Budge in January

Gregory Bull/AP By JOSH BOAK The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index inched up 0.1 last month to 95. The index has... Continue Reading »

>

AOL RealEstate on Facebook