News
Shopping for a home? You better act fast.
If you’re out shopping for a home this weekend, bring your checkbook. There may still be ice on the ground in much of the nation, but the spring housing market is the hottest it’s been in a decade. Consumer sentiment in both the economy and the housing market is...
This is what’s behind the severe housing drought
Lack of starter homes adding to the severe housing drought in the United States. By Diana Olick The supply of homes for sale is now at the lowest level since the National Association of Realtors began tracking inventory 18 years ago. While all real estate is local,...
Good news for renters nationwide, as occupancy falls again, apartment landlords sweeten the pot.
By Diana Olick @CNBC If you are a first-time renter or looking to upgrade to a bigger, newer apartment, now may be your best chance. Demand for rental apartments fell short of new supply by about 100,000 units nationwide, according to RealPage, a real estate analytics...
Mortgage applications rise 1.5 percent, as interest rates fall to 2017 low.
Homebuyers dominated the mortgage market last week, but refinancers sat on the sidelines despite the lowest interest rates of the year. Total mortgage application volume rose 1.5 percent on a seasonally adjusted basis for the week from the previous week. Volume was 21...
Homes this spring are selling faster than ever
Home sales jumped nearly 9 percent in March compared with March 2016, even as the number of homes for sale plunged 13 percent, according to a new report from Redfin. That resulted in the fastest average sales pace since Redfin began tracking in 2010. The typical home...