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How the Recovering Housing Market Is Juicing Job Numbers
Tweet Share on Facebook June 10, 2013 CommentAn important reason why the economy has not recovered from the Great Recession as quickly as in prior economic downturns is that a traditional leader of economic growth – housing – has been stifled.
In recent months however, housing has returned to contributing to economic growth, with home building alone responsible for 20 percent of GDP growth in the last six quarters.
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More Good News for Housing: Inventory Is Increasing
Tweet Share on Facebook May 28, 2013 CommentIn recent months, economists have blamed a tight inventory of homes on the market for muted gains in sales and for holding back a more robust housing recovery. But according to new data, the housing market could now be eliminating that drag on a turnaround.
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Case-Shiller: Home Prices Soar in March
Tweet Share on Facebook May 28, 2013 CommentHome prices continued to speed upward in March, posting their biggest year-over-year gain since April 2006, according to a widely-followed index.
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New Home Prices Rise to Record Highs
Tweet Share on Facebook May 23, 2013 CommentSales of newly built homes in April beat economists' projections as rising homes prices and low borrowing costs encouraged more Americans to take the homeownership plunge.
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What $193,000 Buys You in Housing Markets Across the Country
Tweet Share on Facebook May 22, 2013 CommentWith the inventory of existing houses for sale still almost 14 percent below levels recorded this time last year, median home prices continued to climb in April, according to data released Wednesday by the National Association of Realtors.
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Survey: The Number of Americans in Foreclosure Down 25 Percent
Tweet Share on Facebook May 22, 2013 CommentAs home prices rise and sales pick up, the housing crisis is increasingly becoming a distant memory as the United States recovers from one of the worst economic shocks in history.
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$190M Farm in Greenwich, Conn., Elevates US Luxury Housing Boom
Tweet Share on Facebook May 21, 2013 CommentIts streets peppered with Wall Street hedge fund types, Greenwich, Conn., has long been associated with wealth, excess and luxury living.
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More Than Refinancing: Why Low Mortgage Rates Matter to Homeowners
Tweet Share on Facebook May 20, 2013 CommentIt's common sense that low mortgage rates are important to the housing market. They make purchasing a home more affordable and make refinancing more attractive for current homeowners.
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Why FHFA's Ed DeMarco Isn't Going Anywhere
Tweet Share on Facebook May 20, 2013 CommentIf confirmed by the Senate, Rep. Mel Watt, D-N.C., will replace Ed DeMarco, the current – and controversial – acting director of the Federal Housing Finance Agency. While Democrats have been calling for DeMarco's head for years as he has pushed back on more extreme housing remedies, Republicans have quietly supported DeMarco's decisions.
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What Happens to the Housing Market When the Investors Leave?
Tweet Share on Facebook May 3, 2013 CommentThe housing market has improved significantly since the start of 2012, thanks in large part to the elevated role of investors and all-cash homebuyers, which accounted for about 19 percent and 30 percent respectively of all sales in March 2013, according to the National Association of Realtors.
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Storms, Wildfires Tear Across U.S.
Heavy rain, high winds and fire continue to plague regions throughout the country.
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