News

Getting real about the real estate bubble

Fortune’s Shawn Tully dispels four myths about the future of home prices.For the first time since April 2000, the median price for existing single-family homes in Broward County has fallen from the previous year. The county’s median price for July

Getting real about the real estate bubble

Fortune’s Shawn Tully dispels four myths about the future of home prices.NEW YORK (Fortune) — For the past five years, the housing bulls have been trotting out one rational-sounding argument after another to explain why the boom made perfect economic

New homes slump worsens

Pace of new home sales falls more than forecast as inventory builds, prices decline.NEW YORK (Fortune) — For the past five years, the housing bulls have been trotting out one rational-sounding argument after another to explain why the boom made

New homes slump worsens

Pace of new home sales falls more than forecast as inventory builds, prices decline.NEW YORK (CNNMoney.com) — More alarm bells for the stumbling housing market rang Thursday, as a government report on new home sales showed a bigger-than-expected drop in

Mortgage applications rise

Mortgage Bankers Association reports falling interest rates spur homeowners to refinance.NEW YORK (Reuters) — U.S. mortgage applications rose for a third straight week as falling interest rates prompted homeowners to refinance loans, data from the industry’s main trade group showed

Another week, another drop in mortgage rates

Freddie Mac survey reveals 30-year slips as signs of housing sector slowdown continue to build.NEW YORK (Reuters) — U.S. mortgage applications rose for a third straight week as falling interest rates prompted homeowners to refinance loans, data from the industry’s