Real Estate

Source: Studio A Images
Married with Condo, Ashley and Ken Wetzel

Millennials don’t buy houses. They are urban, mobile, risk-averse and saddled with student debt. Homeownership is about as enticing to them as a phone with a cord. Millennials are considered “generation rent.” “Young people today seem to have a less warm attitude toward housing. I don’t know why, I’m not one of them,” said Robert …

Joe Sohm | Photodisc | Getty Images

Call it the housing bubble 2.0. While real estate in much of the country is hitting a slow patch, luxury home sales in Silicon Valley are soaring nearly as fast as Facebook stock. Sales of homes in San Jose, California, priced at $1 million or more jumped 76 percent in 12 months ended in July, according to …

Getty Images

Fewer listings and an exodus of investors weakened home sales in August. The number of signed contracts to buy existing homes fell 1 percent in August compared to July and is down 2.2 percent from August of 2013, according to the National Association of Realtors. Analysts had been expecting these so-called pending home sales, a …

Matthew Staver | Bloomberg | Getty Images

Home sales in the Detroit metropolitan area took a deep dive in August, as higher prices hit affordability hard. Combined sales of single-family homes and condominiums fell more than 8 percent from a year ago, while the median price jumped nearly 15 percent according to Realcomp, a Realtor-owned real estate data company. “For the last two years, …

101930968-IMG_0584.240x160

After a surge in refinances in the previous week, the volume of mortgage applications continued to slide as interest rates rose to their highest level in several months. Total mortgage applications for the week ending September 19th fell 4.1 percent on a seasonally adjusted basis from the previous week, according to the Mortgage Bankers Association …

101941018-95586649.578x276

During the Great Recession, the housing market crashed nationally for the first time in U.S. history. There had certainly been local and even regional housing downturns in the past, but it was the first time home prices fell nationwide. Read More Property: What $500K can get you Now, as the recovery moves forward, the national market …

Getty Images
A for sale sign is shown in front of a home in Miami.

For the better part of this year, investors have been slowly trickling out of the home buying market, but in August they apparently cut off the cash flow in a big way. Sales of existing homes fell an unexpected 1.8 percent from July, according to the National Association of Realtors (NAR), but more dramatic was …

David Ryder | Bloomberg | Getty Images

U.S. home resales fell unexpectedly in August as investors stepped away from the market. The National Association of Realtors said existing home sales dropped 1.8 percent to an annual rate of 5.05 million units. The decline followed four straight months of gains and the sales pace was still the second highest for the year. Read More Builder confidence at highest level …

Luke Sharrett | Bloomberg | Getty Images
Subcontractors work on a house under construction at a Norton Commons residential subdivision in Louisville, Kentucky, Aug. 15, 2014.

Construction of single family homes and multifamily apartments fell by over 14 percent in August from June, a far more striking plunge than analysts expected. Single family housing starts are running at about half the normal, prebubble pace, and single family building permits, an indicator of future construction, are flat. So how is it that …

Getty Images
New homes for sale by Lennar home builders.

Will Lennar finally turn around the negative sentiment dogging the home building sector? The company reported a strong beat 78 cents per share on Wednesday, well above consensus of 67 cents per share. Orders were up 23 percent year over year, also above expectations. Average sales price, at $330,000, was up 14 percent from a year ago. …

Mark Elias | Bloomberg | Getty Images
Workers install a paved driveway at the Toll Brothers' Jupiter Country Club housing development in Jupiter, Florida.

Hope for a stronger housing recovery is surging among the nation’s home builders. A monthly index of sentiment in the industry rose for the fourth straight month in September to the highest reading since November 2005. The National Association of Home Builders/Wells Fargo Housing Market Index jumped 4 points to 59. Anything above 50 is …

Getty Images

Despite adjustments for the Labor Day holiday the previous week, mortgage applications surged last week, even amid rising rates. Read More Mortgage myths may be hampering U.S. demand: Survey Total application volume rose 7.9 percent week-to-week, according to the Mortgage Bankers Association (MBA), driven mostly by refinances, which doesn’t jibe with the rise in rates. Applications …

Özgür Donma | Getty Images

As the U.S. economy improves and adds jobs, younger Americans—millennials—are slowly starting to move out from their parents’ basements, where a record number of them have been living for the past few years. They’re not buying homes as much as they are renting them, but how much and where is crucial to know in order …

Source: Halstead Property
Kitchen before renovation

What does it take to sell high-end properties in one of the most competitive housing markets on the planet? Virtually everything. That is why some real estate agencies are turning to virtual renovations, doing the visual work for potential buyers, in order to lure those buyers in the actual door. “We want to make sure …

Merdith Baer Home

For most people, staging a house before a sale usually involves a good cleaning, a fresh coat of paint, some new throw pillows and maybe a $10 orchid from Home Depot. But for the super rich, getting a home ready for sale has become a high-priced production. Today’s mansion stagers are dressing up their clients’ homes …