The Burleys owe about $30,000 more on the downtown home’s mortgage than the home is currently worth. That made selling it a problem.
WASHINGTON — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan increased to 4.14 percent from 4.12 percent last week.
Many millennials like to be in the middle of the action, yet they’re not (necessarily) seeking excitement in big cities. Surprisingly, millennials are suburbanizing.
WASHINGTON — U.S. home resales rose in June to their fastest pace in eight months, a signal that the housing market was pulling out of a slump.
Foreclosure activity in the United States dropped last month to the lowest level since July 2006, before the housing bubble burst, and likely will continue to drop through the first half of next year, an industry group said Thursday.
The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 4.03 percent, up five basis points from this time last week. The 30-year fixed mortgage rate steadily increased last week, spiking to 4.26 percent on Friday before declining to the current rate over the weekend.
The Alfred F. Rosenheim estate, otherwise known as the “Murder House” featured on “American Horror Story,” is now up for grabs! Originally built as a private home in 1908, the home boasts an enormous wooden interior that has quite the history attached to it (don’t worry—nothing murder-y about it!).
WASHINGTON — U.S. construction spending rose less than expected in May, which could prompt a further downgrading of second-quarter economic growth estimates.
WASHINGTON — U.S. home prices rose in May compared with a year earlier, but the gains have slowed.
I was talking with real estate agent Jane Wellbrock a few weeks back about the increasing number of multiple bids for what are, in most of the Philadelphia region, too few houses for sale.
A U.S. Senate panel on Wednesday approved San Antonio Mayor Julian Castro to lead the Department of Housing and Urban Development, clearing the way for a final vote in the full Senate. If confirmed in the post, as expected, Castro would be in position to push the Obama administration’s plan to wind down mortgage finance giants Fannie Mae and Freddie Mac, an effort that has stalled in Congress.
(MCT)—This might be the year in which U.S. housing markets return to normal, judging by real estate industry statements and predictions. But what exactly is “normal” in housing, and how close are local markets to that standard?
WASHINGTON — Sales of new U.S. single-family homes jumped to a six-year high in May, the latest indication the housing market was starting to dig out of a recent soft patch.
NEW YORK — U.S. single-family home prices rose less than expected in April, a closely watched survey said on Tuesday.
WASHINGTON — Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May, providing hope that housing is beginning to regain momentum lost over the past year.
WASHINGTON — Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows.
Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said Wednesday.
U.S. housing starts and building permits fell more than expected in May, suggesting the housing recovery will likely remain slow for a while.
U.S. homebuilders are feeling more confident about the housing market but don’t think it is healthy yet. The National Association of Home Builders/Wells Fargo builder sentiment index rose to 49 in June, highest since January and up from 45 in May. Readings below 50 indicate that builders view sales conditions are poor rather than good.
Is investing in an exchange-traded fund a smart way to invest in real estate? Housing has been a surprisingly unpredictable sector since the great real estate crash of 2007. As a result, new ways to invest in real estate have emerged, with housing-related ETFs being a prime example.
Home price growth is finally slowing, which could be welcome news for potential buyers who have been priced out of the market. Asking home prices increased at the slowest rate in 13 months, according to online real-estate marketplace Trulia, as demand from buyers — both traditional and investor — continues to wane.