Home sales have slowed to a crawl nationally, and it's not just the winter temperatures, it's the weaker pulse of the market, especially the markets that were hottest just last spring. » Read More
CNBC's Diana Olick reports on the drop in housing demand despite falling mortgage rates. » Read More |
By: Diana Olick
Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually. » Read More |
By: Diana Olick
December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier. » Read More |
The drop in equity gains has been sharpest in the third quarter of this year. In fact, after hitting a record high, the amount of tappable equity fell quarter to quarter for the first time since the housing recovery began.
Wayne Gordon of UBS Global Wealth Management says the Federal Reserve could be concerned because the U.S. housing is performing below expectations.
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