News

Denver Housing Market Getting Hot, Sparking Bidding Wars

Potential homebuyers in the Denver, Colorado, area should be ready for a bidding war, as the real estate market continues to boom in the Mile High City. According to CNBC, demand for homes is currently outpacing supply, and prices are

First-Time Homebuyers Returning to New Home Market

Builders are starting to see more first-time homebuyers entering the new home market, J.P. Morgan Chase & Co. revealed in a conference in New York City on Wednesday. According to The Wall Street Journal, just over 15 percent of new

McMansions Making Their Way Back Into the Market

From each quarter to the next in 2014, the median size of newly built homes in the U.S. dropped steadily. But now, in the first quarter of 2015, that number is up significantly. According to The Wall Street Journal, the

Ocwen Financial Corp. in Negotiations to Refinance Debt

In an attempt to avoid a cash crisis, Ocwen Financial Corp. disclosed on Monday that it is currently negotiating with lenders to extend and refinance some of its debt. If the company is unable to change some of its debt

Portland Housing Market Driven by Water, Millennials

Portland, Oregon, has recently become one of the hottest spots for millennials on the West Coast. But according to real estate experts, it has nothing to do with jobs and everything to do with water. “We’re on the West Coast,

Existing Home Sales Expected to Hit Highest Level Since 2006

The National Association of Realtors announced on Thursday that the total number of existing home sales in 2015 is expected to reach the highest level we’ve seen since 2006. “There is a sizeable pent up demand,” said Lawrence Yun, the

Foreclosure Numbers Dropping Drastically

Although foreclosure numbers continue to rise and fall each month, when looking at the data year-over-year, the numbers have made a significant downward shift. According to the data released by CoreLogic on Tuesday, the number of properties in some state

Home Prices Seeing Double-Digit Gains in Many Metro Areas

Home prices are on the rise nationwide, an in many metropolitan areas, the median price jumped by 10 percent or more in the first quarter of 2015. According to the National Association of Realtors (NAR), 51 of the 174 metropolitan

Home Construction Jobs on the Rise

When Friday’s job market report was released, there was a clear bright spot in one particular sector: housing construction. According to the Labor Department’s monthly findings, overall employment in construction – which includes residential, non-residential and civil projects – rose

Goldman Sachs Facing $120 Million Suit Over Mortgage Securities

The New York Court of Appeals decided 5-2 on Thursday that a $120 million suit facing Goldman Sachs should move forward. Goldman Sachs was hit with the suit by ACA Financial Guaranty Corp., which claims the financial corp “lied about

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