Nearly a quarter of U.S. mortgage holders owe more money than their house is worth, according to a report by Zillow. In the third quarter of 2010, the percentage of those underwater rose to 23.2 percent, up from 21.7 percent a year ago.
Though counterintuitive in today’s market, a new pricing study from McKinsey & Co. suggests that a modest price increase on a cost-per-square foot basis might be worth considering.
The percentage of households that owned their home hit its lowest level since 1999. The rate for the July-September quarter remained unchanged at 66.9%. Homeownership reached its peak in 2004, with more than 69% of households owning their home.
The single-family housing market will grow 27 percent in dollars in 2011. That translates into a 25 percent increase in the number units to 565,000, according to the McGraw-Hill Construction Outlook report. Multifamily housing is also expected to increas
The Concord Group, a California-based real estate strategy firm, predicts that national home sales will improve by early 2012, with annual housing units ramping up to 640,000 by the fourth quarter of 2012. The West Coast has the strongest long-term growt
Despite a significant improvement from August, new home sales in September were among the worst on record since 1963, The Wall Street Journal reported. September sales rose to a seasonally adjusted rate of 307,000, but when compared to last year, the rat
Despite the stagnant and uncertain economy, renters are returning to the market in massive numbers, the Wall Street Journal reported. Nationwide, the vacancy rate fell 0.7 percent during the third quarter, one of the sharpest declines on record, to 7.2 p
