Realty Check with Diana Olick
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Use this interactive map to track the latest numbers in some of the largest housing markets across the country. As a home owner, home buyer or multi-market investor, you are just one click away from the latest moves in sales, prices and inventory.
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Housing Stability?
Posted By: Diana Olick
You've got to love the realtors; no matter how bad the housing market gets, they're going to find that expert analysis that turns rough to rosy. Take today for example. The National Association of Realtors released its Pending Home Sales Index for the month of October. This index is based on contracts signed for existing homes, but not closings. The Monthly Existing Home Sales number is based on actual closings, and that's the one that really tends to move the markets. So today's number is more of a crystal ball kind of thing. The number isn't great, but the realtors claim the housing market is "stabilizing." (FYI, I relish the realtor/home builder "buzz word" for all these stat reports, and I'll be highlighting each as it comes in).
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They Get It! Lower your Price, Sell Your House
Posted By: Diana Olick
Well, they finally get it. The National Association of Realtors reports the largest national drop in median existing home prices ever in the month of October; prices down 3.5% across the board and even lower in certain regions of the country. And guess what? Sales bumped up for the first time since last February. What a shocker! Lower the price, and someone will buy your house.
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Welcome to Realty Check
Posted By: Diana Olick
For most of us, our home is the largest and most personal investment we will ever make, and that’s precisely why navigating the great wide world of real estate is as thrilling as it is daunting.
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About Realty Check
Realty Check takes you from the housing boom to bust and beyond. Led by Diana Olick, we were here when the house came crashing down and we have the singular expertise to explain how it will be rebuilt. The goal of this blog is to bring the market, the rescue plans, the politics and the pontification home to you, with clear concise explanations of the wildly complicated issues in all facets of real estate today and tomorrow. Realty Check is read by leaders in the real estate industry: Investors, Realtors, Big builder CEOs, Mortgage Bankers, Wall Street Analysts and Administration Officials to name a few.
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Olick serves as CNBC's real estate correspondent as well as the author of the "Realty Check" blog on CNBC.com.
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Real Estate Explained
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You may have heard this term in the aftermath of the real estate bubble. So what is an underwater mortgage?
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Sometimes financial terms sound exactly like what they are. CNBC explains jumbo mortgages.
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The Case-Shiller Index tracks changes in the value of residential real estate nationally and in 20 metropolitan regions.
Real Estate
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As the housing market rebounds, so do sales of home priced at $10 million and up. CNBC's Robert Frank lists the zip codes where sales are the hottest. (2:48)
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Applications for U.S. home mortgages fell last week, as a decline in refinancing activity offset higher demand for purchase loans.
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London's blue chip neighborhoods like Belgravia are increasingly owned by rich, and largely absent, foreigners.