Real Estate

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Home prices are still rising, and the economy is improving, but the ills of the housing crash are far from cured: 7.4 million borrowers were still “seriously” underwater on their mortgages at the end of June, according to RealtyTrac. The real estate information company defines that as the loan amount being at least 25 percent …

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Higher prices are beginning to take their toll on U.S. home buyers. Signed contracts to buy existing homes fell unexpectedly in June, down 1.8 percent from May, according to the pending home sales index from the National Association of Realtors. This comes after five straight months of gains; sales are still 8.2 percent higher than …

Patrick T. Fallon | Bloomberg | Getty Images
RE/MAX Holdings Inc. signage is displayed outside of an open house in Redondo Beach, California.

For the second week in a row, mortgage activity barely budged, despite a small drop in interest rates. Total application volume rose 0.8 percent last week on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association (MBA). The gain in volume was, again, driven entirely by applications to refinance, which …

David Paul Morris | Bloomberg | Getty Images
Potential home buyers exit a home for sale in the Castro district of San Francisco, California.

The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967. Homeownership peaked at 69.2 percent at the end …

Homes sell at a blistering pace

Home prices are rising to levels never seen before, but there’s something missing from this housing recovery.


Last decade’s housing bubble is becoming a distant memory. Mortgage rates are near historic lows, interest-only loans are back and everyone loves real estate as an investment again. More than 1 in 4 Americans (27 percent) said real estate was the best investment for money they would not need for at least a decade, according …

Red hot real estate sector

Diana Olick tells us about a little known sector of real estate investment that has a lot of profit potential.

Interest-only loans return

Interest-only loans for housing are back, but this time things are a bit different.

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A worker uses a tape measure as he builds a new home in Phoenix, Arizona.

Single-family home construction fell to a three-month low in June, which is usually the busiest time for homebuilding. Even building permits are not showing signs of robust growth. Builders claim there is good demand, but they complain they’re handcuffed by a lack of skilled labor to build new homes. The builders’ industry trade group calls …

New mortgage rules

New mortgage rules have imposed a vast array of regulations on both lenders and borrowers, but are we better off when it comes to mortgage lending?


If you’re able to pay off your mortgage early, should you do it? It seems like a simple decision, but there are actually many sides to the story. CNBC asked several advisors to weigh in, and they came up with a number of pros and cons. When it’s wise to pay it off “I recently …

Andrew McElhinney

Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into …

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An outdoor party at a home in Sagaponack, New York.

If you think it’s expensive living in Silicon Valley or Beverly Hills, try buying a place in Sagaponack, New York. The median sales price for a home in the tony Hamptons village is more than $5.1 million, making it the most expensive ZIP code in the U.S. when it comes to real estate, according to …

Scott Mlyn | CNBC
Pedestrians pass a sign advertising mortgages at a Citibank branch in New York.

Mortgage volume last week regained almost exactly what it lost the previous week, as interest rates stopped climbing and dipped slightly lower. Total applications rose 4.6 percent on a seasonally adjusted basis for the week that ended Friday, which included an adjustment for the Independence Day holiday, according to the Mortgage Bankers Association. Mortgage application …

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Aerial view of an Austin, Texas suburb.

The housing outlook for the second half of the year is all about affordability—for buying and renting. How bad will it get, and how much will it hurt the recovery in home sales? Home prices are still rising, but at a slower pace than this time last year. That cannot be said of mortgage rates, …