For the second straight year, real estate stocks ended the year with gains twice as high as the general stock market, The Wall Street Journal reported. According to Dow Jones, REITs were up 27 percent as of Dec. 28. And while that figure is down slightly
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 555,000 — 3.9 percent above the revised October estimate, according to the Commerce Dept. The single-family market fared even better, rising 6.9 percent last month.
Foreclosed homes have been selling at a substantial discount, averaging 32 percent less than homes not in foreclosure in the third quarter. In Ohio, that gap was even larger, where foreclosures were 45 percent below non-foreclosure sales.
Nearly half (49 percent) of U.S. adults are at least somewhat likely to consider purchasing a foreclosed property, up from 45 percent in May 2010, according to the latest results of an ongoing survey tracking homebuyers' attitudes toward foreclosed homes
Two years ago, at the height of the global financial crisis, investor Warren Buffett pulled out this gem of a quote to describe the situation. “It’s only when the tide goes out that you learn who’s been swimming naked.” And while this is an accur
The U.S. housing industry is likely to see increased demand for rental properties, according to the latest Fannie Mae National Housing Survey, which collected data from 3,417 households. For the first time in the survey’s history, delinquent borrowers
Home builder DR Horton paid its top two executives nearly $4 million in bonuses after the company had its first profitable year since 2006, the Wall Street Journal reported. The company had a net income of $245.1 million, up substantially after losing $5
So-called “jumbo” mortgages are back in vogue. Although still far below 2007 levels, more smaller and regional lenders, as well as some big banks, are issuing more large loans, The Wall Street Journal reported. The increase in jumbo mortgages could h
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.
