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We know we're coming off the bottom of the housing crash, but over the summer it felt to some like we were rocketing off the bottom. Now, not so much.
In a sign of a still struggling housing market, signed contracts to buy existing homes were essentially flat in September from August, edging up just 0.3 percent according to a monthly index from Realtors.
A jump in signed contract to buy newly built homes in September brought volumes to the highest level since April of 2010. Is it enough to put a period on the statement that housing is in full recovery? Perhaps, but not an exclamation point.
Renters pay less than homeowners, says a new study, but housing eats up a bigger slice of the spending pie for both groups than 25 years ago.
It’s hard to imagine, given that the nation’s housing market is still digging itself out of an epic foreclosure crisis, that there just are not enough homes available to buy. But, that may be the case.
As single family home building recovers, are investors throwing too much cash at new rental apartments?
After a summer of significant monthly jumps in confidence among the nation’s home builders, fall appears to be bringing in a chill.
Close to 100,000 properties were flipped in the first six months of this year - a 25 percent jump from a year ago. But flipping is not what it used to be.
If you believe in this recovery, you should be looking beyond the builders to the more than 30 sectors that benefit directly from housing.
In another sign that the still shaky housing recovery might be finding its footing, foreclosure filings in some of the hardest hit states of the housing crash have plummeted dramatically, and overall the nation is seeing the lowest level of foreclosure activity since 2007.
“Short term, people who are thinking about moving really need to lock in,” says Craig Strent of Maryland-based Apex Home Loans adding, “when this thing turns, it’s going to be fast."
With Christmas around the corner, Suze gives the gift of financial knowledge in a new Best Calls You've Never Heard show.
Before you spend your hard-earned money this year, be sure to catch this holiday eye-opener. It could change your mind about how much you plan to spend.
Pat, who's 50, asks Suze if he can afford to spend $5,600 to buy a golf cart.