July existing-home sales strech four-year high

“The distance of a boost was a surprise,” given a series of people requesting for mortgages has forsaken neatly given rates began to arise in early June, pronounced Patrick Newport, an economist during IHS Global Insight. Sales are expected to “plunge” in Aug to equivalent July’s surge, he said. Mortgage rates have been rising usually […]

Rising debt rates strike home affordability

A sale tentative pointer is posted in front of a home for sale in San Anselmo, Calif.(Photo: Justin Sullivan, Getty Images) SHARECONNECT 74 TWEETCOMMENTEMAILMORE The many talked-about liberation of a housing market, that has buoyed home sales adult from retrogression lows, has come about by involvement from a Federal Reserve, record low seductiveness rates, and […]

First-time buyers losing out as home sales rise

Existing-home sales fell 0.6% in Mar from February.(Photo: Kevork Djansezian, Getty Images) U.S. home prices have risen for 14 loyal months, though one set of buyers has been increasingly on a sidelines: first-time home buyers. In May, first-time buyers accounted for 28% of existing-home purchases, down from 34% a year before and 36% dual years […]

Is now a time to buy a home?

(MoneyWatch) Buying a home appears to be one of this summer’s biggest trends. Bidding wars, jacked-up prices and swamped open houses: There are fear stories around a nation of buyers in hunt of genuine estate. Buying a residence in a midst of a feeding frenzy might not be a wisest strategy. But if we wait […]

Rising home prices rescue underwater homeowners

The Denver suburb of Broomfield.(Photo: George Rose, Getty Images file) Demonstrating a energy of rising home prices, a series of underwater homeowners has forsaken next 10 million for a initial time in some-more than during slightest 3 years. Nationwide, 9.7 million, or 19.8% of homeowners with a mortgage, due some-more on their homes than they […]