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Real Estate
As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis.
The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae.
Warehouse construction is booming, especially near large cities and transportation hubs. The national vacancy rate is 4.3 percent, the lowest in 20 years, according to CBRE.
Diana Olick explains why the partial government shutdown could be a hold on some mortgage applications.
Home values in November were 5.1 percent higher compared with November 2017, according to a report released Wednesday by CoreLogic. But that is down from the 5.4 percent annual gain seen in October.
The index has plummeted nearly 20 points over the past year while buyers hesitate to purchase new homes even as mortgage rates have pulled back in recent weeks.
Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually.
This rental company offers fully furnished suites with nearly every item made in America. Guests have the option to make purchases in-suite with a scanner.
Patrick Flynn launched GoLocal Suites, which provides fully furnished rental suites where nearly everything inside is made in America.
Diana Olick reports on falling home equity due to rising mortgage rates.
A new study from Apartment List highlights the overall feelings millennials have towards purchasing a home.
While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer.
Rates are now about a full percentage point higher than they were a year ago, hovering now just below 5 percent. They are expected to move higher in 2019, however.
Diana Olick explains the unique market dynamics that may make this December one of the better times to buy and sell a home.
New research shows that Long Island City, New York, which is one of the locations selected by Amazon for its second headquarters, faces a growing risk of major flooding. Diana Olick reports.
