Homeownership Declines for Fourth Consecutive Quarter
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Homeownership in the United States dropped for a fourth consecutive quarter, suggesting that more Americans will miss their best chance of building wealth.
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The bigger-than-expected decline in existing home sales came amid continuing turmoil in mortgage markets.
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The Mortgage Bank Association announced a decline in home loan appilcations. Department of Labor announces a spike in CPI rates.
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Sales of new homes fell in June for the first time in four months, and the government also lowered figures for May, providing further evidence the high-flying housing market is losing altitude.
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More than one in five U.S. homeowners expect their home to fall in value in the coming year, a Reuters-University of Michigan consumer survey said on Friday.
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The pace of existing home sales in  the United States fell by 2.2 percent in December to a  slower-than-expected 4.89 million-unit annual rate, the  National Association of Realtors said in a report on Thursday.
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Mortgage lending fell 4% in September, the Council of Mortgage Lenders says - a further sign that the housing market is slowing.
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New applications for US home loans fell last week from a four-month high even as 30-year mortgage rates declined to their lowest level since late March, an industry group said on Wednesday.
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Business & money: Housing market slows as mortgage approvals fall.
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Homeowners across America were more likely to report declines in their home values than at any time since 1992, according to the The Reuters/University of Michigan Surveys of Consumers for August released on Friday.
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WASHINGTON -- Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.
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Figures showed property price falls for the fourth consecutive month, down 0.6 per cent according to latest research, which predicts more falls to come.
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U.S. new home sales fell more than  expected in July to the their lowest pace since December, as  higher mortgage rates cooled the housing market, a government  report showed on Wednesday.
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High property costs and a series of hurricanes contributed to a 4 percent population decline.
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Demand for applications to purchase and refinance homes declined last week from the highest level in nearly four years as mortgage rates rose, an industry group said on Wednesday.
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Sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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Weak home and hardware sales drive lower fourth-quarter profits.