New single-family home sales in the U.S. declined for the third successive month in February, due to big declines in the Midwest and West regions of the country.
Black Knight report shows foreclosure crisis is almost over
March 27, 2018 by
With U.S. housing markets steadily continuing their recovery from the last decade’s financial crisis, distress markers are diminishing faster than ever.
Higher mortgage rates likely following Fed’s move to increase interest rates
March 26, 2018 by
An increase in mortgage rates is likely to follow after the Federal Reserve voted to hike its short-term interest rates. While the Fed’s rates aren’t directly tied to mortgage rates, they do nevertheless tend to follow a similar pattern.
Researchers claim new ‘super wood’ could replace steel as a construction material
March 24, 2018 by
Researchers at the University of Maryland say they’ve created a new kind of “super wood” that’s stronger, lighter and cheaper than steel. The new material could one day have a major impact on the building industry, they say.
Toys ‘R’ Us store closures to hit commercial real estate sector hard, experts say
March 23, 2018 by
Commercial real estate experts say the recent announcement from Toys ‘R’ Us that it’s going to close or sell more than 800 of its stores in the U.S. could have a negative impact on the retail property sector.
Report: Tough realities for younger generations hold back housing
March 22, 2018 by
Younger generations are finding it tough to make progress as adults, and in turn that’s stymieing growth in housing markets, according to a new report from Freddie mac. The report compares young adults to previous generations and measures their impact on household growth. Unfortunately, Freddie Mac says that for younger generations, “’adulting’ is getting hard […]
New housing starts are “not enough”, NAR chief economist says
March 20, 2018 by
Housing starts for single-family and multifamily homes fell by almost 7 percent month-over-month, to a seasonally adjusted rate of 1.24 million units.
Home equity gains make homeowners richer
March 20, 2018 by
Homeowners who’ve taken out a mortgage to pay for their home have benefited from rising home values, seeing an average 12.2 percent year-over-year increase in equity, according to new research from CoreLogic.
