Real estate rates sink
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Mortgage rates reversed a two-week climb this week, according to Freddie Mac&#39;s weekly mortgage survey. Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.74 percent for the week ended today
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Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector.
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Mortgage rates dipped again this week, continuing a summer slide that is clearing the way for another record year in the metro Phoenix housing market.
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Sales of existing US homes fell by 12.8% last year, the biggest decline in 25 years, figures show.
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WASHINGTON -- Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.
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Falling prices have created a new twist in the suburban Boston real estate market: More homes are selling for less than their assessed values.
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The median price of an American single-family home fell in 2007 for the first time in at least four decades, according to the National Association of Realtors.
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Here's the next shoe to drop as a result of the bursting of the credit bubble: commercial real estate.
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Stocks declined for a second day on mounting evidence that a housing slump is putting the brakes on the economy.
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Mortgage rates dropped this week amid a still struggling economy, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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Home prices in 20 metropolitan areas fell in November for the 11th consecutive month, as foreclosures and a slump in sales added to the glut of unsold properties.
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Sales of new homes unexpectedly plunged in November at the sharpest rate in more than a decade, falling 12 percent to the weakest annual rate since July, the Commerce Department said on Thursday.
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The housing market is slowing as higher interest rates bite, says the Royal Institution of Chartered Surveyors.
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There are signs that some high-end real estate developers are being hit by a slowdown.
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Continued weakness in the real estate sector dragged the FTSE lower on Monday.
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Across the country, local governments are feeling a financial strain driven largely by the nationâs real estate downturn and some are considering higher taxes.