Articles Tagged with ''Real estate''

Homebuilder confidence falls to lowest level in 2018

Affordability contributes to slight decline
Concerns about market affordability contributed to homebuilder confidence falling one point to 67 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said builders are monitoring how tariffs and the impending trade war are affecting key building material prices, including lumber.
Read More

Real estate no longer top investment choice for Americans

Focus shifts to stocks, cash investments
Americans are beginning to shift their investments to other areas as real estate fell not one but two spots from being the top investment choice back in 2016. Americans across all ages said that real estate is their third pick for the investment of money they won’t need for more than 10 years.
Read More

Decreasing home sales signal homebuilder pessimism

New home sales decrease 5.3% in June
New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
Read More

How long would it take you to save a down payment for Beyoncé and Jay-Z's home?

Homes.com lets you know how many lifetimes you will spend saving
Homes.com calculated how long it would take someone to save a 10% down payment for the homes of 12 celebrities. It indicates, that if the average person saved the recommended 20% of their annual salary, it would take them a whopping 764 years to afford Beyoncé and Jay-Z’s home.
Read More

Existing home sales decrease for third consecutive month

But median sales price reaches all-time high
Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
Read More

Real estate entrepreneur sentenced 20 years for fraud

Ordered to pay investors $189,000 in restitution fees
Everett Craig Williams, a real estate entrepreneur, is spending 20 years behind bars for swindling thousands of dollars from investors, according to an article written by L.M Sixel at the Houston Chronicle. Williams used investor money to finance his personal expenses.
Read More

Freddie Mac: ACIS loss coverage reaches $10B

Second ACIS transaction to cover losses on HARP loans
On Friday, Freddie Mac announced it obtained a new insurance policy under its Agency Credit Insurance Structure, which will provide a combined maximum limit of up to approximately $294 million of losses on single-family loans made under the Home Affordable Refinance Program.
Read More

Realogy appoints Katrina Helmkam as Cartus CEO

Helmkamp will report to Realogy CEO Ryan Schneider
Realogy Holdings Corp. appointed Katrina Helmkamp as chief executive officer of Cartus Corporation. Helmkamp will be responsible for improving Cartus' performance while leading technology and process transformation.
Read More