It’s About to Become Easier to Qualify for a Mortgage—Here’s Why

deliormanli/iStock We’re living in expensive times—when a bottle of fresh juice can run you $5, rents and home prices are soaring, and the bills never seem to stop piling up. But aspiring homeowners might soon get a break as it becomes a little easier for those with student, credit card, and car loan debt to qualify for a […]

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Looking for a Newly Constructed Home? Better Buy Now

Ridofranz/iStock Buyers hoping to move into a brand-spanking-new home may need to act fast. More newly constructed homes were completed in May—but fewer abodes are in the pipeline, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Seasonally adjusted numbers have […]

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Homeowners Are Again Pocketing Cash as They Refinance Properties

Associated Press Americans refinancing their mortgages are taking cash out in the process at levels not seen since the financial crisis. Nearly half of borrowers who refinanced their homes in the first quarter chose the cash-out option, according to data released this week by Freddie Mac. That is the highest level since the fourth quarter […]

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New Home Prices Are Falling—So Why Are There Fewer Sales?

Feverpitched/iStock The price of owning a brand-new home is falling. But although buyers are desperate for whatever homes they can afford, new-home sales were actually down in April, because there were fewer of them on the market—a number far short of meeting the demand by home buyers. Prospective homeowners scooped up just 569,000 brand-new homes April—a 11.4% […]

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What Slowing New Home Construction Means for the Housing Market

TerryJ/iStock Although more home buyers eagerly seeking the dwellings of their dreams, fewer new homes are in bloom this spring. In not-so-promising signs for the housing market, permits to build new abodes, housing starts, and the number of new homes completed dipped in April from the previous month, according to the seasonally adjusted numbers in […]

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The New Hot Spots for Luxury Real Estate Around the World

xijian/iStock When it comes to the world’s fastest-rising prices for luxury residential real estate, don’t look to the United States. Instead, China dominates, leading with Guangzhou, the capital of the southern province of Guangdong. Luxury home prices in Guangzhou shot up 36.2% from March 2016 to March 2017, according to Knight Frank’s first-quarter Prime Global […]

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Despite Higher Home Prices, More Americans Say It’s a Good Time to Buy

Peopleimages/iStock; realtor.com Home prices are steadily rising and mortgage interest rates are beginning to inch up again, but that doesn’t seem to be discouraging many potential buyers. Nearly two-thirds of Americans, 62%, said April was a good time to buy a home, according to Fannie Mae’s monthly National Housing Survey. That’s just a tad more than […]

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‘Ultimate Housing Insider’ Pam Patenaude Nominated as HUD Deputy Secretary

Chris Graythen/Getty Images Is it a new era for HUD? Pam Patenaude was nominated by President Donald Trump to become deputy secretary of Housing and Urban Development, according to a White House statement released on Friday. The move has been met with resounding applause—and perhaps a collective sigh of relief—by industry insiders who think her background could serve as the perfect […]

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Builders Finally Ramp Up on New Homes, but Can Buyers Afford Them?

RichLegg/iStock A fresh infusion of new homes hit the market as the spring home buying season kicked off in March, adding a touch of relief to a housing market that’s been short on, well, homes. Still, the most cash-strapped buyers—typically first-timers—aren’t likely to be able to take advantage of the new additions. About 621,000 newly […]

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