Tag Archives: Market Conditions

Foreign Buyers Boosting U.S. Housing Market Recovery

The U.S. housing recovery continues and international buyers are a big reason, with the Chinese leading the charge. Chinese buying is up more than 70% to $22 billion — nearly 1 in 4 dollars of all foreign purchases, according to … Continue reading

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Mortgage Applications Decline for 3rd Straight Week

Applications for U.S. home mortgages dipped slightly last week as purchases declined. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 0.2 percent in the week ended … Continue reading

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Apartment Rents Continue Rise

Apartment landlords continued to push through hefty rent hikes in the second quarter, squeezing U.S. households that already are struggling financially after four years of steady increases. The average monthly rent for an apartment rose to $1,099 in the second … Continue reading

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Construction Spending Rises but Less Than Projected

WASHINGTON — U.S. construction spending rose less than expected in May, which could prompt a further downgrading of second-quarter economic growth estimates. Construction spending edged up 0.1 percent to an annual rate of $956.1 billion, the Commerce Department said Tuesday. … Continue reading

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U.S. Home Prices Rise in May but Gains Have Slowed

WASHINGTON — U.S. home prices rose in May compared with a year earlier, but the gains have slowed. Data provider CoreLogic (CLGX) said Tuesday that prices increased 8.8 percent in May compared with 12 months earlier. The pace of gains … Continue reading

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U.S Home Construction Slips in May

HOUSTON — The pace of U.S home construction slipped in May as buyers face higher mortgage rates. Construction firms began work on fewer single-family houses, condominiums and apartments last month. Home construction has struggled to gain much traction this year, … Continue reading

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Home Sales Post Biggest Monthly Gain in 3 Years

HOUSTON — Sales of previously owned U.S. homes posted the best monthly gain in nearly three years in May. The National Association of Realtors reported Monday that sales of existing homes increased 4.9 percent last month to a seasonally adjusted … Continue reading

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