Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve’s decision to pare its bond purchase stimulus in January, an industry group said on Tuesday. The Mortgage Bankers Association said its […]
Tag: home
U.S. new home sales fall sharply; house prices rise
Sales of new single-family homes in the United States fell sharply in July to their lowest level in nine months, casting a shadow over the country’s housing recovery. Sales dropped 13.4 percent to an annual rate of 394,000 units, the Commerce Department said on Friday. While government housing data is […]
Robert Shiller: Home Prices Will Remain Relatively Stagnant For Next 10 Years
More good news on the housing market. This morning, the S&P/Case-Shiller Home Price index posted its biggest annual increase since 2006â€â€Âjust before the housing market crash. Home prices in all 20 metro areas included in the index rose for the second month running. Phoenix led, with a 23% annual increase […]
