Housing

Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.

The run on Nantucket real estate last summer is now causing a shortage of both homes for sale and rentals, and prices for both are going through the roof. 

After a brief pullback in December, homebuyers returned to the market, although they are still being hampered by record low supply.

Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike ever higher.

Dubai’s real estate market has made a “hard landing” but lower prices may be a good time for investors looking to buy, said Hussain Sajwani, Damac chairman.

The average contract interest rate for 30-year fixed-rate mortgages increased to 2.98% from 2.96% last week. Total mortgage application volume fell 5.1% last week from the previous week, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 5% for the week. Mortgage applications to purchase a home fell 6% for the week. Another week of rising…

Buyer demand for newly built homes continues to surge, and that is keeping builder confidence high even as building material prices climb.

Biden directed federal housing regulators to extend forbearance and foreclosure relief programs for U.S. homeowners on Tuesday.

Struggling homeowners received some welcome news Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief.

The project is part of a wider effort to decarbonize the U.K.

Solar panels and home-based electric vehicle chargers could become common sights in the years ahead.

Bidding wars are off the charts, even as home prices are rising rapidly.

Azek, a maker of sustainable building materials, saw revenues grow 28% last quarter amid a red-hot market and raised its guidance for the current fiscal year.

The cost of lumber is going through the roof, and that is hitting the housing industry on all fronts. From homebuilders to renovation contractors to DIYers.

Mortgage interest rates have increased in four of the first six weeks of 2021, putting a chill on mortgage demand.

Mortgage delinquencies have dropped to the lowest level since the start of the pandemic, but the numbers don’t appear to be improving much anymore.

Real estate developers are buying distressed hotels for bargain prices and converting them to more lucrative and much-needed affordable housing.

Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing.

President-elect Joe Biden’s housing agenda is focused on affordability. Changes to mortgage lending and home construction will be key.