Real Estate

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After jumping to the highest level in nine years last month, confidence among U.S. home builders took a sharp U-turn in October. While still in the positive range, builder sentiment fell 5 points to a level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index. Fifty is the line between positive …

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Falling Treasury yields are pushing mortgage rates to lows not seen in over a year. With the rate on the 30-year fixed mortgage falling below the psychologically significant 4 percent level, phones were ringing at lender shops large and small on Wednesday. Should you be calling? CNBC’s Diana Olick asked Matt Weaver, vice president of …

Every day, 21,000 of them sail into U.S. ports, carrying everything from tea to T-shirts, but just a fraction ever go back. Shipping containers. Strong, durable and eminently recyclable. An estimated 700,000 are sitting near the nation’s waterfronts, unused, wasting shipyard space and littering landfills. It all presents an incredible opportunity for developers of environmentally …

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The upside to the selloff in stock markets is lower interest rates for the housing market. A drop in rates last week boosted mortgage applications for both refinances and home purchases, and interest rates continues to slide. Total mortgage application volume for the week ending October 3rd rose 3.8 percent on a seasonally adjusted basis from …

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The headline for much of this year has been that home price gains are easing. Prices are still higher compared to last year, but not nearly as much as they had been. Now, suddenly, it looks as if home values could actually go negative on a national level. “That will be the first time collectively, …

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The Waldorf Astoria hotel in New York.

The hotel famously called “the greatest of them all” is now the most expensive of them all. Hilton Worldwide Holdings said it’s selling the famed Waldorf Astoria hotel in New York for $1.95 billion to China-based buyer Anbang Insurance Group. The price makes the Waldorf the most expensive single hotel ever sold in the U.S., according …

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With home prices still rising and fewer distressed properties coming to market, some claim the single-family rental trade is over. Investors will hold the homes they have and securitize the assets in order to leverage their investments, but they won’t buy any more. “There is very little institutional buying at the present time, as prices …

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Married with Condo, Ashley and Ken Wetzel

Millennials don’t buy houses. They are urban, mobile, risk-averse and saddled with student debt. Homeownership is about as enticing to them as a phone with a cord. Millennials are considered “generation rent.” “Young people today seem to have a less warm attitude toward housing. I don’t know why, I’m not one of them,” said Robert …

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Call it the housing bubble 2.0. While real estate in much of the country is hitting a slow patch, luxury home sales in Silicon Valley are soaring nearly as fast as Facebook stock. Sales of homes in San Jose, California, priced at $1 million or more jumped 76 percent in 12 months ended in July, according to …

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Fewer listings and an exodus of investors weakened home sales in August. The number of signed contracts to buy existing homes fell 1 percent in August compared to July and is down 2.2 percent from August of 2013, according to the National Association of Realtors. Analysts had been expecting these so-called pending home sales, a …

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Home sales in the Detroit metropolitan area took a deep dive in August, as higher prices hit affordability hard. Combined sales of single-family homes and condominiums fell more than 8 percent from a year ago, while the median price jumped nearly 15 percent according to Realcomp, a Realtor-owned real estate data company. “For the last two years, …

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After a surge in refinances in the previous week, the volume of mortgage applications continued to slide as interest rates rose to their highest level in several months. Total mortgage applications for the week ending September 19th fell 4.1 percent on a seasonally adjusted basis from the previous week, according to the Mortgage Bankers Association …

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During the Great Recession, the housing market crashed nationally for the first time in U.S. history. There had certainly been local and even regional housing downturns in the past, but it was the first time home prices fell nationwide. Read More Property: What $500K can get you Now, as the recovery moves forward, the national market …

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A for sale sign is shown in front of a home in Miami.

For the better part of this year, investors have been slowly trickling out of the home buying market, but in August they apparently cut off the cash flow in a big way. Sales of existing homes fell an unexpected 1.8 percent from July, according to the National Association of Realtors (NAR), but more dramatic was …

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U.S. home resales fell unexpectedly in August as investors stepped away from the market. The National Association of Realtors said existing home sales dropped 1.8 percent to an annual rate of 5.05 million units. The decline followed four straight months of gains and the sales pace was still the second highest for the year. Read More Builder confidence at highest level …