Real Estate

Housing investor shift

Big investors who helped prop up the sector during the housing crisis are cashing out.

Larry Downing | Reuters

When housing crashed in a large way, big investors stepped in, both mopping up the mess and squeezing out big profit. Now, with home prices rising and fewer distressed homes to buy, the housing trade is changing, and so are the players. The number of sales to investors increased in October from September, according to …

DreamPictures | Getty Images

As the U.S. stock market rises, so do sales of million-dollar homes. That correlation is not lost on the nation’s Realtors. “There is little volatility in the stock market. It is whoppingly higher, so people in the top 10 percent of wealth are really feeling confident now,” said Lawrence Yun, chief economist for the National …

New York City’s red hot commercial real estate market

Barely six years after the financial crisis and just two years after Superstorm Sandy, the commercial and residential real estate market in Manhattan is booming.

Visions of America | UIG | Getty Images

The 10 most expensive real estate markets in the US If you think Apple or Facebook stock is expensive, look at the price of real estate near their headquarters. Los Altos, California, in the heart of Silicon Valley, is now the most expensive real estate market in the country, according to a new report from …

Marcelo Piotti | E+ | Getty Images

More than five years after the foreclosure crisis began, the number of borrowers losing their homes is rising again. Most of the troubled loans are not new; instead, the backlog of homes in the foreclosure process is finally starting to move more quickly. There was, however, a slight uptick in foreclosures on loans made in …

Patrick T. Fallon | Bloomberg | Getty Images

Mortgage rates—and applications—barely moved last week. Total application volume fell 0.9 percent from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association. Applications to refinance, which saw a brief surge on lower rates in October and then a precipitous drop when rates rose again this month, fell 2 percent from …

David Ryder | Bloomberg | Getty Images

Home prices may have hit bottom in early 2012, but the housing recovery still has a long way to go. In fact, home values may not exceed their prerecession peak until the early part of 2018, according to a quarterly survey of more than 100 experts sponsored by Zillow. “We’ve reached a point in the …

Paul Sakuma | AP
File photo: A woman walks next to a "For Rent" sign at an apartment complex in Palo Alto, California.

Lease a two-bedroom apartment in Miami, and you could be putting more than half your salary into the rent check. The same is true for Los Angeles and New York City—and it’s only getting worse, according to a report from real estate company Trulia. Rents are rising most in the local housing markets where renters …

Carlo Allegri | Reuters
A Bank of America branch in New York City.

Mortgage rates are back to the highest level in a month, and if news from the U.S. economy stays positive, they could edge ever higher. While the brief drop a few weeks ago, due to concerns over global economic growth, may already seem like a distant memory, we should take a hard look back nonetheless. …

Paul J. Richards | AFP | Getty Images
File photo: A house for rent sign in Centreville, Virginia.

First-time homebuyers hit lowest level in nearly 30 years Jade Rabino is paying top dollar to rent in Northern Virginia. She just had a baby, and while that is the No. 1 reason for renters to become first-time homebuyers, she is still waiting. “I think it’s just financial mostly, that’s what I feel like. Around …

Google helps predict housing

Google Capital invested $50 million into Auction.com to help predict monthly home sales data faster than realtors.

coolbiere photograph | Moment Open | Getty Images

San Francisco is arguably one of the hottest real estate markets in the nation. Fueled by the technology economy, it has a limited supply of homes for sale, which has resulted in fierce competition and sky-high home prices. Rents also have grown in tandem. “Have things cooled down a little bit? Yes. However, the properties …

Philippe Huguen | AFP | Getty Images
A person prepares use the Google search engine.

When Google Capital, an equity fund backed by the Internet search behemoth, announced last spring that it would sink $50 million into Auction.com, housing watchers were left scratching their heads. What would Google want with an online real estate auction company? The answer is now clear: Data. And it goes both ways. Auction.com is launching a …

Fed ends QE: what’s next for housing?

What happens to the housing market now that the Federal Reserve’s stimulus program is over?