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 […]

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 […]

Vacation home shopping? Prices are adult a little

Luxury houses in vacation areas, like this one in a Hamptons in New York, are saying slower increases in prices than in a housing marketplace overall.(Photo: AP) Home prices in vacation areas are on a upswing with a rest of a housing marketplace though not as much. As of May 1, median seeking prices per […]

RealtyTrac: US Home Repossessions Fell…

Fewer U.S. homes entered a foreclosure routine or were repossessed by lenders final month, a latest denote that a nation’s foreclosure woes are waning. Nationally, home repossessions fell 20 percent in Apr from a prior month and were down 32 percent from a year earlier, foreclosure register organisation RealtyTrac Inc. pronounced Thursday. Foreclosure starts, a […]