Finance & Mortgage
US Housing Affordability Remains Steady for the First Quarter of 2013, NAHB report
Fannie Mae to Pay Back $59.4 Billion to US Treasury Department after Record Quarterly Profits
Builder Confidence in 55+ Single Family Housing Market Rises in First Quarter of 2013: NAHB
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
A recent report released by the National Association of Home Builders (NAHB) revealed that the number of improving property markets in the U.S. has dropped to 258 from the 273 recorded in April. Update: Judge Clears Empire State Building IPO Obstacle
The controversial move of taking the historic Empire State Building, public has just crossed another hurdle after Justice O. Peter Sherwood; the New York State Supreme Court judge declared that a potential buy-out plan was completely legit on Wednesday, May 1. US Mortgage Rates Reach Record Lows
Mortgage rates declined across the board with the average rate on a 15-year fixed mortgage dropping to a new low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying and refinancing. U.S. Home Prices in 20 cities Rise at Fastest Rate Since 2006
U.S. home prices in the country's 20 largest metropolitan areas rose 9.3 percent over the last 12 months ending in February, the most substantial year-over-year growth rate since May 2006, according to the S&P/Case-Shiller Home Price Index, 'Piggyback' Mortgages Return on Record Low Home Loan Rates
As mortgage rates in the U.S. remain at their record lows, buyers can now turn towards “Piggyback” mortgage loans. However, a piggyback loan has its pros and cons. It is important that the buyer evaluate the feasibility of a piggyback loan. Report : US New Home Sales Rise 1.5 Percent in March
Sales of new homes in the U.S. spiked 1.5 percent in March at an annual seasonally adjusted rate of 417,000 homes. The reason for the tremendous growth has been attributed to record-low mortgage rates. Update: US Existing Home Sales Drop Unexpectedly in March
The rate of sales of existing or previously occupied homes fell unexpectedly in March due to limited supply of inventory and tight credit-availability. Sales inched down 0.6 percent to an annually adjusted rate of 4.92 million homes. In a previous poll conducted by Bloomberg on 66 experts forecast that sales of these homes would probably rise 0.4 percent, the highest since November 2009. However, the reality was far from the forecast. Forecast: Existing Home Sales in US to Reach Record High
Sales of existing or previously occupied homes probably rose for the third straight month in March to reach the highest level since 2009. According to a survey conducted by Bloomberg on forecasts of a number of economists, it was revealed that Sales probably hit a record high in March since, November 2009, when home buyers rushed to take maximum advantage of a provisional tax credit. Blackstone Group LP Plans to Invest Extensively in Asian Real Estate Market
The famous Asset management and financial services company, Blackstone Group LP is planning to invest extensively in the Asian property market amid volatile economic conditions of the region. Rising Prices of Construction Material Slowing Builders' Confidence, NAHB Report
Building sentiment among construction firms and major builders shed two points from March to fall to 42 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), continuing the downtrend since February 2013. The constant decline has been attributed to the rising construction material prices.
