Uncategorized

Single-Family Housing Starts Fade In July

Sometimes, you need to look deeper than the headlines to get the news that matters. This basic truth's latest example comes from the July Housing Starts data, as published by the U.S. Census Bureau.

Home Builder Confidence Falls Again; Home Buyers Gain Leverage?

After reaching a 3-year high just 90 days ago, the National Association of Homebuilders' Housing Market Index is now at a multi-year low after falling by almost half.

30-Year Mortgage Rates Make New Lows, But Look Ready To Spike

No doubt you've heard that mortgage rates are low. They're lower than they've ever been in history. The news is everywhere. But the low rate environment looks like it's ending.

Falling Consumer Confidence Helps Drag Mortgage Rates Lower. For Now.

For the second consecutive month, U.S. consumer confidence is plunging. July's official reading is its lowest since July of last year and the figures run in stark contrast to just two months ago, when the index touched a multi-year high.

Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide

According the Federal Home Finance Agency's Home Price Index, home values are now just 12.5 percent off their April 2007 peak nationwide. This after a half-percent monthly increase in prices in May,on average.

What Does It Mean To Escrow Taxes And Insurance?

The fiscal responsibility of a homeowner extends beyond the mortgage's basic principal and interest repayments. Homeowners are also responsible for the real estate taxes on the home and its insurance premiums, too.

Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010

Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.

How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.

Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. 6 states dominated activity levels.

Case-Shiller Shows Home Price Improvement In 95% Of Cities

Standard & Poors released its Case-Shiller Index Tuesday. On a seasonally-adjusted basis, between April and May 2010, home prices rose in 19 of Case-Shiller's 20 tracked markets. It's the second straight month of strong Case-Shiller findings.