Real Estate

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With interest rates projected to rise and inventory increasingly tight, the window for purchasing a second home at an affordable price may be starting to close. Such sentiment has helped to fuel the recent boom in vacation property sales among affluent investors, many of whom are feeling flush on the heels of a six-year stock …

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A new report shows the median price of a home in San Francisco topped $1 million.

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Spring is finding home builders in a sunnier mood as sales appear to be blooming. Sentiment among the nation’s home builders rose four points in April to a level of 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The Index measures builder perceptions of current single family homes sales, sales …

Blackstone: a real estate giant

Diana Olick tells us how Blackstone, a private equity giant, is becoming a real estate behemoth as well.

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A sign advertising an open house in Corona Del Mar, Calif.

Rents are soaring, and mortgage rates are still historically low, but renters seem less and less inclined to buy, even when homeownership could save them money fast. How fast? Two years, according to Zillow, a real estate sales and analytics company. While the numbers vary market to market, Zillow found that most homebuyers would be …

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Justin Thornton and Jennifer Castillo are finding high prices, multiple bidders and little inventory in their search for a Washington, DC home.

After easing throughout much of 2014, home prices across the U.S. are accelerating again. While several local housing markets are still nowhere near as expensive as they were during the housing boom, others are approaching so-called “froth” yet again. Prices in the nation’s top 20 housing markets were 4.6 percent higher in January than in …

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Colder than average temperatures and heavy snow in much of the U.S. failed to keep February home buyers away. Signed contracts to buy existing homes rose 3.1 percent from January, according to the National Association of Realtors (NAR). The Realtors’ so-called “Pending Home Sales Index” is 12 percent higher than one year ago, and is …

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Home prices are rising at a fast clip again, which is bringing house flippers back to the market. Just like during the housing boom, they are buying distressed properties, doing quick rehabs and selling them for a fast profit. Unlike during the boom, however, some of these flippers can’t get mortgages to ply their trade. …

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Despite recent soft data, the U.S. house building market will recover to its former glory at a slow and steady pace, according to the chief financial officer of the world’s largest brick maker. The U.S. Commerce Department reported last week that housing starts in the country had fallen to their lowest level in a year …

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A sold out sign in front of the Rose Lane housing development in Larkspur, California.

Sales of newly built homes in February beat the Street’s expectations by a bundle. Analysts had projected a 4 percent drop from January and instead saw an 8 percent jump. The sales pace is the highest in seven years and is a full 25 percent higher than a year ago. There is, however, a big …

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Extremely low mortgage rates may be putting would-be homebuyers in a tough spot down the road when they’re ready to sell, Zillow Chief Economist Stan Humphries warned on Tuesday. “In a lot of markets, homebuyers are looking at home prices through this artificially distorted lense of very low rates,” Humphries said in a CNBC interview. …

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The housing market was still underperforming in February, according to the National Association of Realtors. With just a slight bump up from January, total sales are still running below expectations for the year. Don’t blame winter weather, though. Blame the lack of supply. There are just 1.89 million homes for sale, which is down from …

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The skyline of Charlotte, N.C., as seen from Marshall Park.

Temperatures may have been colder than normal, but house hunters were hot on the trail in Charlotte, North Carolina. Closed sales in the city in February rose nearly 27 percent from a year ago, according to the Carolina Regional Realtors Association. “A lot of corporate companies have moved in,” said Bonnie Papandrea, an agent with …

Home construction slows

There was a dramatic drop in housing starts last month. Many blame the weather, but is there something larger at play?

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Temperatures are warming and potential homebuyers are coming out to shop, but they are finding precious little for sale. Weak housing construction and the growth of the single-family rental market have pushed down supply for sure, but one nagging leftover of the housing crash is literally trapping potential sellers in their homes: Negative equity. Some …