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Fewer Homeowners See Home Values Falling Published: Friday, 5 Feb 2010 | 10:09 AM ET By: Reuters Fewer U.S. homeowners expect the value of their homes to decline in the year ahead, but they also believe gains are unlikely, according to a Thomson Reuters/University of Michigan survey published Friday. The proportion of homeowners that expected declines in the value of [...]
Demand for U.S. home loans rose to a six-week high on a mini refinance wave, with borrowers pushing to lock in rates before they climb later this year, the Mortgage Bankers Association said on Wednesday. Applications to buy homes and refinance loans jumped last week to mid-December levels as average 30-year mortgage rates held near [...]
D.R. Horton, Inc. (NYSE: DHI), Fort Worth, Tex., on Tuesday before market open reported a net profit of $192 million ($0.56 per diluted share) for its fiscal first quarter ended Dec. 31, well above analyst estimates of a gain of $0.14 per share. The gain was boosted by a tax benefit of $149.2 million made [...]
Published: Tuesday, 26 Jan 2010 | 9:31 Am By: Diana Olick, CNBC Real Estate Reporter The economic recession and the housing depression will cause many Baby Boomers to push back retirement several years, but that doesn’t mean they’re not still eyeing and buying homes built specifically for retirees. Builders of these “active adult communities” are therefore changing some of [...]
Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit. The National Association of Realtors says sales fell 16.7 percent to a seasonally adjusted annual rate of 5.45 million in December, from an [...]
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Firms Hold Fast to Snail Mail Marketing Despite Prevalence of Digital Media, Entrepreneurs Find Old Fashioned Direct Mailings Still Key to Winning Customers By TERI EVANS Looking to cut costs amid the recession, Alicia Settle initially thought it would be a good idea to eliminate her company’s annual direct mailing. Spending about $20,000 on the personally signed letters, which [...]
Lower prices have spurred home sales, but looming foreclosures and high unemployment are clouding the outlook The U.S. housing market has been in a slump for the past four years. When will it ever end? In recent years, real estate has proven as jittery and unreliable as any other market. The average U.S. home price nearly doubled [...]
Source: BIG BUILDER News Publication date: January 12, 2010 By BB Staff KB Home, Los Angeles (NYSE:KBH) on Tuesday before market open reported net income of $100.7 million ($1.31 per diluted share) for its fiscal fourth quarter ended Nov. 30, due to an income tax refund under the extended net-operating-loss carryback provision of Congess’ latest [...]
A lot of reports out today collectively gave me a very bad feeling about the state of our current housing recovery. First, Amherst Securities Group took a look at Pay Option ARMs. These are the adjustable rate loans so popular in 2006 that allowed you to choose your monthly mortgage payment, while tacking what you don’t [...]
Jan. 8–Real estate brokers who sell bank-owned houses reported an unexpected surge of homes to sell last month. They are waiting to see if it is a glitch or instead a move by banks to reduce the backlog of pending foreclosures and replenish Inland Southern California’s nearly barren real estate market. “It appears that we are going [...]
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Demand for U.S. mortgages held last week near six-month lows as the highest long-term borrowing costs since August stifled refinancing, a Mortgage Bankers Association survey showed on Wednesday. Average 30-year mortgage rates jumped 0.10 percentage point to 5.18 percent in the Jan. 1 week, up more than a half percentage point from the record low in [...]
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