Mortgage rates surged this week, as investors came to accept the likelihood of a much more aggressive series of rate hikes being announced by the Fed at the conclusion of…

A deputy chief economist at Freddie Mac said housing is beginning the biggest contraction in over since 2006, however prices will not begin to collapse immediately. Len Kiefer, deputy chief…

Lumber futures dropped as low as $568.40 per 1,000 board feet in Chicago on Wednesday, the cheapest since September, and a drop of about 50% so far this year. Rising…

Mortgage demand continues to drop, as rates have begun increasing again, and housing sales have begun to decline due to a lack of listings. According to the Mortgage Bankers Association’s…

Home prices jumped 20.6% in March over the year before according to the S&P CoreLogic Case-Shiller national home price index. That is above the 20% rise in February and the…

Metro Phoenix failed to register the highest home price growth for the first time in nearly three years. Tampa Florida beat Phoenix out in March, with a 34.8% gain year…

Moody’s Analytics chief economist Mark Zandi says we have officially entered a housing correction. New data for April and May show a softening of the US housing market. New home…

There is an article at Marketwatch here, which lays out how the Taxpayer Relief Act of 1997 altered how capital gains taxes (taxes on the appreciation of a home, ie,…

Mortgage rates dropped by the most in more than two years last week. 30 year mortgage rates dropped to 5.1% from 5.25%, according to Freddie Mac in a statement Thursday.…

New single family home sales dropped for the fourth straight month in April. High prices and rising mortgage rates triggered the decline, as new residential sales fell 16.6%  from March’s…