Home-Price Gains Accelerate in July as a Reminder of the Housing Bubble Stirs to Life

Getty Images Home-price gains picked up speed in July, led by some perennial hot spots and one surprise newcomer. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.8% in the three-month period ending in July compared with a year ago, and was up from 5.6% in the June period. Case-Shiller’s national index rose 5.9%, up […]

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Home Price Gains Were Hot in June as Seattle Sizzled, Case-Shiller Says

Getty Images U.S. home price growth picked up steam in June as strong demand continued to buoy the market. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% in the three-month period ending in June, compared with a year ago, the same rate of change as in May. The national index rose 5.8%, compared with […]

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Mortgage Rates Slide to 6-Week Low as North Korea Worries Drive Bond Rally

Getty Images Rates for home loans slid to a 6-week low as mounting geopolitical worries drove investors into safe-haven bonds, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.90% in the August 10 week, down from 3.93%. The 15-year fixed-rate mortgage averaged 3.18%, unchanged during the week. The 5-year Treasury-indexed hybrid adjustable-rate […]

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Here’s What It Looks Like When the Foreclosure ‘Pig’ Moves Through the Housing-Crisis ‘Python’

gettyimages As the effects of the housing crisis further recede, markers of distress are declining, with one notable exception: Among the batches of severely delinquent mortgages bought by institutional investors, foreclosures are on the rise. The trend is a reminder of the reasons many community advocates resisted allowing institutional investors to buy delinquent mortgages in […]

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This Is What Homeowners Did With Their Savings on Variable Mortgage Rates

Joe Raedle/Getty Images Getting an adjustable-rate mortgage can save homeowners money — but whether they actual put those funds to good use is another question. Homeowners whose mortgage payments dropped when their adjustable-rate mortgage (ARM) reset to a lower rate increased their spending, according to a report released this week from the JPMorgan Chase Institute. […]

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Americans Are Taking Out the Largest Mortgages on Record

realtor.com For the past few years, the housing market has been unbalanced. Strong demand and lean supply keep pushing prices higher and higher. On Wednesday, a fresh piece of data confirmed that trend. The Mortgage Bankers Association’s weekly purchase loan data showed that the average size of a home loan was the largest in the […]

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New-Home Sales Roar to a 7-Month High 592,000 Annual Rate in February

PAUL J. RICHARDS/AFP/GettyImages Sales of newly constructed homes powered to the highest pace in seven months in February as firm demand for housing outweighed lean supply and slightly higher mortgage rates. New-home sales ran at a seasonally adjusted annual rate of 592,000, the Commerce Department said Thursday. That was 6.1% higher than in January and […]

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Existing-Home Sales Tumble as Tight Inventory Chokes Housing Market

Getty Images Sales of previously owned homes tumbled in February as the housing market remained choked by tight inventory. Existing-home sales were at a 5.48 million seasonally adjusted annual rate last month, the National Association of Realtors said Wednesday. That was down 3.7% compared with January’s sales pace, which was the strongest in a decade. […]

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The Foundations of Our CA Dream Home Are Rotting. Do We Sell or Sue?

Terrance Horan/MarketWatch Dear Moneyologist, We finally bit the bullet and bought a house when we moved to L.A. two years ago. Hindsight being 20/20, maybe that wasn’t such a great idea. Our house was originally built in 1929, and sits on a hill with a lovely view in an up-and-coming neighborhood called Glassell Park. We […]

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