Realtors blame rough winter weather on flat home sales, however the west saw a drop in pending home sales and signed contracts and weather isn't an issue there. CNBC's Diana Olick digs deeper into the data.» Read More
"We're going from an investor led housing market to an end-user led housing market," says Mark Hanson, M Hanson Advisors housing & mortgage strategist, discussing the U.S. housing marketplace. CNBC's Rick Santelli provides insight.
Richard Smith, Realogy president & CEO, discusses U.S. home prices and the state of the housing market. CNBC's Diana Olick provides insight.
I think there are pitfalls ahead and this momentum will dissipate, says Robert Shiller, co-founder Case-Shiller Index, discussing the latest home sales data and providing his outlook on the housing market. Shiller also weighs in on the Fed's influence on housing.
Existing home sales fell more than 5 percent in January and home builder confidence continues to wane. CNBC's Diana Olick reports on the "dismal" housing data.
Media mogul Rupert Murdoch is buying a 4-floor penthouse in Manhattan for $57 million. Dolly Lenz of Dolly Lenz Real Estate represented Murdoch on the sale.
Home sales were down the most in the the western states, which points directly to weak affordability and a lack of supply, reports CNBC's Diana Olick. Dolly Lenz, weighs in.
WASHINGTON, Feb 21- U.S. home resales fell to an 18 month-low in January as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said on Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units, the lowest level since July 2012.
CNBC's Diana Olick reports the latest homes sales data, including the decline in existing January home sales.
WASHINGTON, Feb 21- U.S. home resales fell more than expected in January and hit an 18 month-low as the combination of cold weather and a lack of housing stock sidelined potential buyers. The National Association of Realtors said on Friday home sales dropped 5.1 percent to an annual rate of 4.62 million units, the lowest level since July 2012.
January's existing home sales are expected to show a decline of 3.5 percent to 4.7 million, and nobody will be surprised if it is worse.
CNBC's Steve Liesman breaks down the economic data of the sectors hardest hit by the harsh winter weather.
London is at risk of a housing bubble but the rest of the U.K. looks set to escape wild gyrations in the property market, a report argues.
CNBC's Diana Olick provides insight on weakening home sales data at the end of last year.
WASHINGTON, Jan 23- U.S. home resales rose in December after three straight months of declines, showing some resilience in the housing market recovery despite higher mortgage rates. Existing home sales rose 1 percent last month to an annual rate of 4.87 million units, the National Association of Realtors said.
WASHINGTON, Jan 23- U.S. home resales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market. The National Association of Realtors said on Thursday that sales of previously owned homes rose 1.0 last month, to an annual rate of 4.87 million units.
The year's first foreclosure auction took place yesterday in Atlanta. CNBC's Diana Olick looks at the properties that sold and how easy it is to break into foreclosed homes bought sight unseen.
The U.S. housing market could be in the early stages of yet another bubble, warned Robert Shiller, co-founder of the Case-Shiller index.
WASHINGTON, Dec 19- U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.
CNBC's Diana Olick reports on the disappointing numbers and how the low rate of first-time buyers is hurting the market.
WASHINGTON, Nov 20- U.S. home resales fell in October to their lowest since June due to an inventory shortage and high property prices that have dampened buying power. The National Association of Realtors said on Wednesday that sales of previously owned homes fell 3.2 percent last month to an annual rate of 5.12 million units.