Archived Newsfeed November 2018
11-30-18 Pending Home Sales Tumble to 4-Year Low in Latest Sign the Housing-Market Correction Has Arrived
U.S. pending home sales slid 2.6% to a reading of 102.1 in October from 104.8 in September, the National Association of Realtors said Thursday. That was the lowest since June 2014.
Whatever the reason, buyers are coming back to the market, and driving mortgage demand.
11-26-18 Black Lives Matter starts housing programs to ensure low-income families can stay in West End
Black Lives Matter Louisville is asking west Louisville homeowners to donate their property to it rather than the Louisville Metro Landbank Authority, which has received criticism for its handling of vacant properties.
Sales of previously owned U.S. homes posted their largest annual decline since 2014 in October, as the housing market continues to sputter due to higher mortgage rates that are reducing home affordability.
11-19-18 Homebuilder confidence plummets to the lowest level in more than two years as 'demand stalls'
Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation's homebuilders.
These should be happy times for the housing sector. The economy is booming, with more people working at higher pay, and with the sizable millennial generation reaching prime homebuying age.
Rising construction costs and a tight labor market are slowing a nearly decade long apartment boom, likely easing a burgeoning glut at the top end of the market that has been forming across the U.S.
11-12-18 Homebuilders, on track for worst year since financial crisis, are facing a make-or-break level, according to charts
Nowadays, it is very important to stage your house before listing them and a study shows that more than 90-95 percent of the houses which were staged before listing were sold in less than a month time period.
Rising interest rates are now clearly taking their toll on potential homebuyers.
The loan approval process goes through various stages as you get closer to your settlement date.
Financial stress visits renters more than homeowners.
Rates for home loans declined as bonds caught a bid, offering some breathing room for stretched home buyers.