Real Estate

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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 …

Strong housing demand, low supply

Soaring rents are making an already crowded housing market even more crowded.

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Despite the start of the busiest housing season and warming weather in much of the nation, U.S. home builders are steadily losing faith in their business. A monthly survey of confidence among single-family builders fell in March for the third-straight month. The National Association of Home Builders index slipped 2 points to 53. Anything above …

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It’s either a great time to buy a house—or you’ll never be able to afford one. A lot depends on where you live. Home prices have perked up again after taking a breather last year. U.S. single-family home prices rose in December, especially in the western half of the country, according to the latest numbers …

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Homeowners preparing to sell can find themselves between a rock and a hard place: Pouring money into renovations rarely pays for itself in added value, but buyers who spot maintenance issues are likely to offer less. Now is the time to determine what your home needs to be sale-worthy. March is when buyer traffic typically …

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After the worst national housing crash in history, the picture of distress continues to improve, but now with one worrisome aberration. For the first time in more than two years, the number of repeat foreclosures took a U-turn and was higher in January compared to a year ago. Repeat foreclosures are when a home has …

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Monaco Harbor on the French Riviera.

A million dollars isn’t what it used to be, especially in the world’s luxury real estate markets. According to a new survey from Knight-Frank, $1 million buys you only 17 square meters, or 183 square feet, in Monaco, the world’s most expensive real estate market as measured by average cost per square foot. Hong Kong …