U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construc…
Technically, the homebuilder sentiment index inched one point higher to 16 in November. But the gain was offset by a revised one-point dip in October’s reading, and the numbers remain well below those seen during a healthy hous…
The U.S. office market may have touched bottom, with rents stabilizing, according to real estate research firm Reis Inc.
The vacancy rate hit a 17-year high in the third quarter, Reuters reported. Still, the rate rose by just 0.1 percentage point from the previous quarter, while effective rent was little changed at $22.05 a square foot, suggesting the worst may be over with.
“If…
Continue reading U.S. Office Market May Have Touched Bottom: Report
U.S. Office Market May Have Touched Bottom: Report originally appeared on DailyFinance on Tue, 05 Oct 2010 08:46:00.
Filed Under: Company News, Economy, Real Estate
Home prices in 20 major U.S. cities rose a better than expected 0.6% in July compared to June, according to the S&P/Case-Shiller Home Price survey. However, year-over-year gains slowed, suggesting a slowdown in the nation’s eco…
The number of applications for mortgage loans fell last week as demand for refinancing loans weakened.
The total loan applications index fell 8.9% on a seasonally adjusted basis from a week earlier, with applications for refinancing loans slipping 10.8%, the Mortgage Bankers Association said. These figures include an adjustment to account for the Labor Day holiday.
Applications for…
Continue reading Mortgage Applications Drop on Weaker Demand for Refinancing
Mortgage Applications Drop on Weaker Demand for Refinancing originally appeared on DailyFinance on Wed, 15 Sep 2010 09:10:00.
Filed Under: Economy, Investing, Real Estate, Credit