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... 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 »

Housing Industry Wonders: What Does Mel Watt Want?

APMel Watt: "meeting all day and reading all night." By Margaret Chadbourn The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac, and has been frustrated by his silence. The former 11-term congressman from North Carolina, who... Continue Reading »

Tech Protesters Get Personal, Target San Francisco Landlord

Jeff Chiu/The Associated PressHousing activists gather outside of City Hall in San Francisco on Jan. 21 to protest tech-worker shuttle buses. By Sarah McBride Demonstrations against the grip on San Francisco held by wealthy technology workers took a personal turn with protesters taking aim at a Google lawyer they... Continue Reading »

Top Fed Official: Rapid Hikes in U.S. Interest Rates Unlikely

The Associated PressFederal Reserve Board Governor Daniel Tarullo By Ann Saphir The modest pace of U.S. economic growth in recent years suggests that when the time comes to raise interest rates the Federal Reserve will be able to do so gradually without fear of a sudden surge in inflation, a top Fed official said on... 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... Continue Reading »

Group Seeks to Shield Investors in Fannie, Freddie Wind-Down

The Associated PressFannie Mae and Freddie Mac now are required to sweep their entire profits into the U.S. Treasury. By Margaret Chadbourn A new organization called the Coalition for Mortgage Security launched a campaign on Monday calling for winding down Fannie Mae and Freddie Mac in a way that does not harm the... 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 »

Zillow Partners With Chinese Real Estate Website

By Clare Jim United States real estate information marketplace Zillow Inc. plans to partner with a Beijing-based peer to tap growing interest from Chinese mainland clients, the second-largest foreign buyers of U.S. homes last year. Seattle-based Zillow said in a statement on Thursday it has signed a deal with Beijing... Continue Reading »

Apartment Vacancy Rate Falls to 4% in U.S.

Shutterstock"Demand for apartments is seemingly insatiable." By Michelle Conlin The U.S. apartment vacancy rate fell to 4 percent in the first quarter of 2014 as the market's recovery stretched into its fourth year, according to real estate research firm Reis Inc. The vacancy rate now stands 400 basis points below its... 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 »

Top Democrat's Mortgage Reform: A Lender-Owned Co-op

APRep. Maxine Waters By Margaret Chadbourn The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans. Rep. Maxine Waters of California outlined a measure... Continue Reading »

Property Tax Revenue Reaches a Record High

Shutterstock By Lisa Lambert Property tax revenues for U.S. states and local governments reached a record high in the final quarter of 2013, according to Census data released on Tuesday showing the housing recovery is finally reaching school districts and cities' budgets. According to the Census, total property tax... 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... 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... Continue Reading »

Former FHFA Chief DeMarco Departing the Agency in April

APEdward DeMarco had been acting chief of the FHFA. By Margaret Chadbourn Edward DeMarco, former acting director of the housing regulator that oversees Fannie Mae and Freddie Mac, said on Monday that he would leave the agency at the end of April. DeMarco led the Federal Housing Finance Agency in an acting capacity from... 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 »

Investors Attack Energy Boomtown's Housing Shortage by Sea

seanavigatorsson/Flickr By Julie Gordon Hundreds of construction workers in booming northern British Columbia are taking up residence in unique digs on board a cruise ferry revamped into a floating luxury hotel. The aging ship will help relieve a housing shortage in one busy Canadian port town already bursting ahead of... 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... Continue Reading »

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