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 […]

Pending home sales in May strike six-year high

Developers have sealed squeeze contracts for 7 of a initial 11 new homes built or underneath construction on Brooks Court in a 19th Ward.(Photo: Jim Goodman staff photographer) WASHINGTON (AP) — The series of people who sealed contracts to buy U.S. homes jumped in May to a top turn in some-more than 6 years, suggesting […]

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 […]