Encouraging investors to buy foreclosed homes in bulk would help shrink the U.S. housing surplus, stabilize property prices and provide affordable rentals, Morgan Stanley housing analysts said in a report.
A piece of positive news has come out of the debt-ceiling deal reached earlier this week: Mortgage rates have fallen to levels that are at or near record lows.
CoreLogic’s Home Price Index indicates that home prices in the United States increased by .7 percent in June 2011 compared with May 2011 –– the third consecutive month-over-month increase.
Pending home sales increased in June following a wide swing down in April and then up in May, according to a National Association of Realtors report. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show str
A survey indicates that 30 percent of all housing units in the United States are renter-occupied or vacant for-rent, and 27 percent is single-family detached homes.
Existing-home sales not seasonally adjusted are below the tax credit-boosted level of sales in June 2010 and June 2009. But NAHB advises to expect a report of a large year-over-year increase in sales announced next month.
Builder confidence in the market for newly built, single-family homes rose two points to 15 on the NAHB/Wells Fargo Housing Market Index (HMI) for July, released today. The gain largely offsets a three-point dip recorded in June, and marks the ninth time
