Read more

Mortgage Rates Are Pushing U.S. Homes Out of Reach

This is how housing markets turn. Slowly. Six years of home-price gains outpacing wage growth; bidding wars replaced by sales at the asking price; days or weeks on the market turning into months; rising mortgage rates. First-time shoppers start to get priced out, making it harder for move-up buyers to sell, and the slowdown ripples […]

Read more

US:California housing market slows considerably

California housing market slows considerably .Non-distressed sales drop for the first time since 2005 California’s massive housing market is slowing down in almost every way imaginable, according to the latest California Real Property Report from PropertyRadar. California single-family home and condominium sales dropped 3.5% to 36,912 in May from 38,249 in April. However, the report […]

Read more

US:Home Depot’s bullish outlook for the housing market in 4 slides.

Recently  the “businessinside” highlighted that many economists on Wall Street consider the housing market the bright spot of the economic recovery. And America’s largest home-improvement retailer also expects the sector to improve. In a European Investor Meeting presentation on Monday, Home Depot outlines its outlook for the US housing market, which it expects will improve as residential investment picks up, […]

Read more

Detroit:Local housing market blooms for buyers and sellers

With mortgage rates back to rock-bottom lows and a larger selection of houses finally available, metro Detroit’s housing market is set to turn a corner this spring and become hotter for buyers and sellers. Buyers should find it easier to get a mortgage, with new low-down-payment programs and fewer paperwork requirements. And unlike the past […]

Read more

US:Housing Market Sees Hopeful Signs of Spring

The spring home-selling season is off to a promising start in this military port city, sparking optimism here and in other cities that the market has finally gained momentum after a slow recovery and last year’s stall. The downturn was brutal for Jacksonville; home sales sank and foreclosures were running at high levels during the […]