With all the turmoil and unknown in the markets, investors today may be searching for a safe-haven. U.S. real estate wouldn't exactly sit at the top of the list for most, given the still uncertain state of the housing and credit markets, but there is one sector that seems to have fundamentals and sentiment on its side: Apartments.
The sales pace of newly built homes is now at the lowest on record. Sales dropped nearly 17 percent in February after a big drop in January. Put that on top of the nearly 10 percent February drop in existing home sales reported earlier this week and the incredibly low level of mortgage purchase applications, and you get a clear case for a double dip in housing.
Tomorrow morning the FDIC will release and vote on proposed risk retention rules for the mortgage market.
Single family homes in Miami rose 55% year over year, with CNBC's Diana Olick.
Click to see fifteen of the nation’s priciest communities that are still open to those with deep enough coffers.
Trulia.com provided a list of the top ten American cities with the largest increases in rentals by comparing change from the third to the fourth quarters of 2010. Check out what they found!
When the real-estate bubble burst, some of the hardest-hit markets were sunny destinations. That means there are some serious bargains out there for vacation homes.