New home sales squeak out weak gain in October | Cross River Real Estate
Sales of new homes in the United States printed at an annual rate of 458,000 for the month of October, up 0.7% from September. This tepid gain was saved from being a decline by a surprising jump in...
View ArticleMortgage Loan Rates Drop to 18-Month Low | Cross River Real Estate
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 3.3% in the group’s seasonally adjusted composite index for the week...
View ArticleMortgage Loan Rates Fall to 16-Month Low | Cross River Real Estate
The Mortgage Bankers Association (MBA) released its most recent report on mortgage applications Wednesday morning. It noted a weekoverweek increase of 14.2% in the group’s seasonally adjusted...
View ArticleLeBron James’ $17 Million Grove House is Still Available | Cross River Real...
We haven’t heard about it much lately, so here’s a quick update. Just over four months after the abdicated King of Miami basketball LeBron James put his castle on the market, signaling that, yes, he...
View ArticleSingle-Family and Multifamily Construction Spending Continue to Increase |...
NAHB analysis of Census construction spending data found that on a 3-month moving average basis, from January 2014, single-family construction spending increased 11.4% and multifamily construction...
View ArticleBuy an Abandoned Key West School | Cross River Real Estate
Key West’s Jeptha Vinning Harris School was “built as one of the first schools in Florida” in 1905. It was dedicated in 1909, and served as Key West’s elementary school until the last class graduated...
View ArticleZillow Index Shows Access to Credit Halfway to Recovery | Cross River Real...
Mortgage credit availability as measured by Zillow’s Mortgage Access Index has risen steadily over the past two years to surpass a halfway point between the depths of 2011 and the peak of the boom in...
View ArticleHome Prices in 20 U.S. Cities Increase at Faster Pace | Cross River Homes
Home prices in 20 U.S. cities climbed at a faster pace than forecast in the year ended February, a sign the housing industry may be gaining momentum amid low borrowing costs and continued job growth....
View ArticleMortgage rates move higher for third week in a row | Cross River Real Estate
Average fixed mortgage rates followed 10-year Treasury yields higher and rose for the third consecutive week, according to Freddie Mac. At 3.85%, the average 30-year fixed-rate mortgage is just below...
View ArticleHousing Recovery – Prices and Production | Cross River Real Estate
The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released the Home Price Index (HPI) for March. The price index reported by the Federal Housing Finance Agency...
View ArticleHome Prices are now only 6.5 Percent below Peak | Cross River Real Estate
In terms of national averages, the recovery has raised prices within a hair of their highest peaks reached during the boom nearly ten years ago, but on a market-by-market basis, median prices in fewer...
View ArticleMortgage rates average 3.85% | Cross River Real Estate
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMM®), showing average fixed mortgage rates largely unchanged despite ongoing global growth concerns putting...
View ArticleLuxury Dips While Mid-tier Zips | Cross River Real Estate
Call it poetic justice. While median home prices continue their upward climb, in the third quarter luxury prices stumbled and fell for the first time in over three years. Redfin reported prices of...
View Article‘Zombie’ foreclosures decline across the country | Cross River Real Estate
As the foreclosure crisis recedes, some unwanted consequences continue to haunt neighborhoods around the country. “Zombie” foreclosures — those properties that are currently in the foreclosure process...
View ArticleFeatures and Colors of Kitchens in New Homes | Cross River Real Estate
What are the features and colors included in kitchens of newly constructed homes? Data from Houzz, combined with information from the 2016 Builder Practices Survey, provides insight. The 2016 Builder...
View ArticleNew Home Sales in September – Continuing Gains, Continuing Headwinds | Cross...
The US Census Bureau and Department of Housing and Urban Development in a joint release reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 593 thousand in...
View ArticleWhy Foreclosures are Never-ending Credit Nightmares | Cross River Real Estate
The popular belief that the seven million Americans who lost their homes to foreclosure during the Housing Crash are healed, whole and forgiven of their debts after seven years have passed is only...
View ArticleAmericans Move Less and Impact the Economy Less | Cross River Real Estate
The median tenure homeowners plan to stay in their homes soared with the housing recession in 2008 for good reasons. Millions of owners were underwater and millions more lacked the 20 percent equity...
View ArticleNew home sales plummet more than 11% in April | Cross River Real Estate
New home sales plummeted from last month, however the level of housing inventory showed improvement, according to a joint release from the U.S. Census Bureau and the U.S. Department of Housing and...
View ArticleIn Four Southern States, Nearly 90 Percent of New Homes Have Porches | Cross...
Of the roughly 850,000 single-family homes started in 2017, 64.7 percent were built with porches, according to NAHB tabulation of data from the Survey of Construction (SOC). The SOC is conducted on an...
View Article