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A house for sale in Sarasota, Florida Scott Mlyn | CNBC  Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market.  Mortgage applications to purchase a home jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally
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As many as 35 million Americans are facing the possibility of eviction due to an inability to make housing payments on time. In some states, such as Mississippi, Florida, and West Virginia, the proportion of renters facing the possibility of eviction exceeded 50% earlier this year. If you’re among the millions of Americans caught in the late
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Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage application volume to increase 3.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications led the way, climbing 5% for the week to the
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Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence Yun, called the annual increase “a spectacular gain.” The annualized sales rate is the highest
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Buying a home is the biggest purchase many people will make in their lifetime. But you shouldn’t value your house like a traditional investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” “It’s really a form of consumption. You own the home as opposed to paying rent for
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Tenants and housing rights activists in Los Angeles protest for a halt to rent payments and mortgage debt on Oct. 1, 2020. Lucy Nicholson | Reuters If you’re scared that you won’t be able to come up with your rent, you’re not alone. As many as 1 in 5 renters say they’ve fallen behind during
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Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images Zillow shares climbed more than 8% in extended trading on Thursday after the digital real estate company reported third-quarter estimates that blew past analysts estimates and offered a better-than-expected forecast for the fourth quarter. A combination of record low
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