With mortgage interest rates rising in recent months, the outlook has become less certain.
Listing prices on luxury properties are now well over $100 million.
This week’s economic data lineup is compressed, because of the President’s Day holiday. The early focus will be on the housing market. Later, inflation.
In a positive sign for home sales, more people are relocating.
The most recent Beige Book from the Federal Reserve shows economies modestly improving across the country. Learn more at Bankrate.com.
The overstatement of existing home sales by the National Association of Realtors, NAR, may have caused a setback to the speed of a housing recovery. Errors that began in 2007 and accumulated through the housing bust mean that home sales were actually 14.3 percent worse than reported by the NAR. Builders rely on the data
How bad is the housing market in the United States? So bad, that two senators — a Republican and a Democrat — have joined forces to push a bill that would offer visas to foreigners who spend $500,000 buying homes in the States. The bill was co-authored by Sen. Charles Schumer (D-N.Y.) and Sen. Mike
What’s going on with home sales? It’s a question that concerns homebuyers, home sellers, homeowners and renters who’ve contemplated trading their rent check for a mortgage payment. At the moment, it’s not an easy question to answer with the usual comparative data. Resales of existing homes were up 3.7 percent to a seasonally adjusted and
Lenders reported a bump in new mortgage applications in mid-April, but the uptick may turn out to have been more of a blip than an upswing in the trend line. The volume of new mortgage applications increased 5.3 percent in the week ended April 15 compared with the prior week, according to a survey conducted
U.S. home sales and prices are on a downward slide. Sales of existing homes dropped 9.6 percent in February to a seasonally adjusted annualized rate of 4.88 million units, a pace that’s slowed 2.8 percent compared with the 5.02 million level recorded a year earlier, according to the National Association of Realtors, or NAR. An annual