Investing

U.S. New Home Sales Post Modest Drop in November but Mapping Steady Growth

In a latest report released by the National Association of Home Builders (NAHB), it was revealed that the sales of newly-built single family homes fell slightly in November. However, experts say that the pace of sales is steady and is a reflection of a strengthening market and economy.

Lower Home Affordability Driving Rate of Homelessness in U.S.: Study

The rate of homelessness in some major cities of the United States has been climbing at an alarming pace despite a steady economic growth, according to a survey by The United States Conference of Mayors. Low housing affordability was one of the major causes of homelessness.

Fannie Mae and Freddie Mac Raising Mortgage Guarantee Fees

Fannie Mae and Freddie Mac, the two government backed mortgage lending giants have announced that they will be raising loan guarantee fees by an average of 10 points or one-tenth of a percent starting March 2014, according to several news reports. The move comes in an effort to allow private lenders compete in the housing loan market.