Cash-in has replaced cash-out as the strategy of choice for homeowners refinancing their mortgages. Rather than using their properties as ATM machines to boost spending, homeowners increasingly are paying down the principal and shortening the maturities of their mortgages in...
Read more »Americans See Homes as Way to Save Not Spend
Photograph by Ty Wright/Bloomberg
A "FOR SALE" sign is displayed in front of a homes in the Fox Glen subdivision of Pickerington, Ohio.
Housing Rebound: Sellers Know Best
If you want to know where the housing market is headed, don’t ask prospective buyers. The ones that really have their fingers on the pulse are sellers, and they’re telling us the housing rebound is about to get a second...
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Photograph by David Paul Morris/Bloomberg
Construction crews work on new homes being built in San Ramon, California, on April 12, 2013.
Rentals on Fire — Construction, That Is: Driving Housing
The U.S. housing market looked even healthier today on growing demand for rental properties. Data released by the Commerce Department showed builders broke ground on 1.04 million new homes in March at an annualized rate, the most since June 2008....
Read more »Mortgage Rates Revive Real Estate — Home-Builders Seeking Capital
Mortgage rates near record lows have resuscitated the residential real estate market, and the nation’s home-builders and their shareholders can be thankful the industry is finally pulling out of a swoon that began seven years ago. Since reaching a more...
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Photograph by Justin Sullivan/Getty Images
Rows of homes at a housing development on March 6, 2013 in Mesa, Arizona.
Housing Rebound: Not Quite Yet
House prices are rising, and sales are picking up. If you ask Union Bank of Switzerland managing director Thomas Zimmerman, though, it’s too soon to celebrate a “full-fledged” housing rebound. “It’s surprised me how strong this market is. It’s not...
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Photograph by Victor J. Blue/Bloomberg
Members of the media are reflected in the window of the One World Trade Center observation deck as the Manhattan skyline stands in New York on April 2, 2013.
Real Estate: Silver Lining of Cloudy Economy
While recent economic indicators, including a disappointing payrolls report last week, have spoiled the party of early-year gains, the nascent housing recovery may once again offer a reason for optimism elsewhere in the expansion. Retail office space and other commercial...
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Photograph by Daniel Acker/Bloomberg
Potential buyers view a new home under construction in South Barrington, Illinois.
Housing Boost: ‘Born Outside the USA’
Congress may be on the verge of accidentally helping the economy. Washington lawmakers haven’t been able to compromise on ways to avert broad-based federal spending cuts, whether and how to implement unprecedented health-care changes or how to help rescue the...
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Photograph by Andrew Harrer/Bloomberg
Contractors lay down flooring at a construction site in Lorton, Virginia.
Obama’s Economy: Timing Everything
Timing is everything. Before Election Day, it was reported that the nation’s unemployment fell below 8 percent for the first time in nearly four years. After Inauguration Day, it’s reported that the economy contracted, with the nation’s gross domestic product...
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Photograph by Mark Elias/Bloomberg
The prices of the most expensive homes in Miami are increasing at a faster pace than the rest of the market there.
Movin’ On Up in Seattle, Miami
Trying to buy a piece of the pie in Miami or Seattle is becoming more expensive at a faster pace than the rest of the market. The prices of the most expensive homes in Seattle and Miami are increasing at a...
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Photograph by Eddie Seal/Bloomberg
Construction continues at TPCO America Corp.'s pipe finishing mill facility in Gregory, Texas.
Builders Hang Help-Wanted Signs as Construction Rebounds
Newspaper editors can retire the old “Hard Times for Hard Hats” headline. U.S. construction employment is poised to bounce back after being flat for almost three years. Builders have the most openings and are breaking ground for more homes than at any...
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