Housing permits — a gauge for future construction — soared 3.6 percent in November over December, reaching its highest level in more than four years, the Commerce Department...
Refi Apps Soar to 3-Year Highs
Mortgage applications for refinancings and home purchases posted strong gains this week following news of record low interest rates, the Mortgage Bankers Association reports in its...
New-Home Prices Soar to 5-Year High
The median price of a new home rose a record-breaking 11.2 percent in August, reaching $256,000. That marks the highest level since March 2007, the U.S. Census Bureau reported...
‘Luxury’ Foreclosures Soar
For the past two years, foreclosure activity has been increasing on higher-end homes at a faster pace than lower-end homes, says Daren Blomquist with RealtyTrac, a company that tracks...
Investors See Bigger Profits From Rising Rents
Rental demand and prices continue to soar, and investors are cashing in. Rents are rising at a 5.17 percent annual rate — up from last year’s 4.72 percent rate. If rents continue...
Defaults Soar 33%, Biggest Monthly Gain in 4 Years
A new wave of foreclosures hit in August, as banks picked up the pace in taking action against home owners who have fallen behind on their mortgage payments, RealtyTrac Inc. reported...



