Saturday, 19 October, 2019

Subscribe to Coester News:

Enter your email address:

Delivered by FeedBurner

Author: CNBC Real Estate


Contractors raise a wall while working on a new home under construction in Dublin, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales. Builder confidence in the single-family market jumped 3 points in October to 71 on the National Association of Home Builders/Wells Fargo Read more…


Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the past month. Applications for loans to purchase a home, however, came in weaker. Consequently, total Read more…


CNBC’s Diana Olick reports how a sharp drop in mortgages rates this summer brought demand back for entry-level homes and has depleted that supply dramatically.


Anyone out hunting for an affordable home today knows that the pickings are slim – and they are about to get slimmer. Housing inventory hit a record low about two years ago, but a lull in home sales over the past year helped build back much-needed supply, especially in the mid-priced range. Then a sharp drop in rates this summer Read more…


Thomas Michaud, CEO of KBW, a Stifel company, joins “Squawk on the Street” to discuss the markets and strength of the economy.


Diane Ramirez, Halstead CEO, and Tendayi Kapfidze of LendingTree join “Squawk Box” to discuss the state of the housing market as refinancing ramps up.


A home mortgage sign on a Wells Fargo branch in Brooklyn, New York. Getty Images An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments. Refinance demand surged, pushing total mortgage application volume up 5.2% last week compared with the previous week, according to the Mortgage Bankers Association’s Read more…


A prospective home buyer tours a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Lower mortgage rates are making buying a home slightly more affordable, but financial concerns are outweighing that benefit and lowering overall confidence in housing. Consumer sentiment on housing fell in September from its August high, according to a monthly survey from Read more…


A prospective home buyer tours a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Lower mortgage rates are making buying a home slightly more affordable, but financial concerns are outweighing that benefit and lowering overall confidence in housing. Consumer sentiment on housing fell in September from its August high, according to a monthly survey from Read more…


Jay Farner, CEO of Quicken Loans, joins “Squawk Box” to discuss the state of the housing market and the homebuyer.


It is hard times for the U.S. hardwood lumber industry. The trade war with China has caused a steep drop in U.S. exports of the product, and now the industry is cutting jobs. China used to account for about half of all U.S. hardwood lumber exports, about $2 billion annually. The Trump administration’s 25% tariff cut through that demand. In Read more…


CNBC’s Diana Olick joins “Closing Bell” to report why recent market volatility may help fall homebuyers as bond yields fall, causing a mortgage rate turnaround.


Fall homebuyers are getting a bonus. The sell-off in the stock market is causing an unexpected turnaround in mortgage rates. Mortgage rates fell throughout much of the summer but then made a sharp jump higher in September. Now rates are headed back down, along with the Dow Jones Industrial Average, which fell more than 800 points total on Tuesday and Read more…


A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images After a rough month for mortgage rates, borrowers saw a sign of hope and pounced: A small dip in the 30-year fixed rate lit a fire under refinances. That pushed total mortgage application volume up 8% for the week, according to the Mortgage Bankers Read more…


CNBC’s Diana Olick reports on the jump in financing for house flips as home prices rise.