Hub News

Inventory Shortage Keeping Detroit Housing Market Down

The financial situation in Detroit is finally showing signs of improvement. Home values in the metropolitan area are on the rise, and the city itself is out of bankruptcy. Still, the housing market remains slow to recover, thanks to one

Mortgage Applications on the Rise for Second Straight Week

CNBC’s Diana Olick released a video report on Wednesday revealing that the number of mortgage applications submitted to lenders – both to the big banks and non-bank lenders – is on the rise for the second straight week. According to

Housing Market Looking Healthy, According to New Indicator

Nationwide revealed on Tuesday that the future of the housing market is looking more promising than ever, with little chance of a downturn over the next year. The news comes as the insurance and financial services organization has just released

Pending Home Sales Signal Strong Spring Housing Market

The National Association of Realtors (NAR) confirmed on Monday that its Pending Home Sales Index (PHSI) is climbing toward record highs as contract signings in the Midwest and the south in February drove pending home sales to their highest level

Janet Yellen Warns: Higher Interest Rates May Be Warranted Later This Year

Although consumers continue to enjoy record low interest rates, Janet Yellen warned during her speech at the San Francisco Federal Reserve on Friday that higher rates may be necessary at some point in the not-too-distant future. “Like most of my

U.S. Jobless Rate Falls to Five-Year Low

Reuters reported some good news on Thursday, revealing that the number of Americans filing new claims for jobless benefits fell more than expected last week. Going hand-in-hand with that news, job growth in the services sector hit a six-month high

House Flippers New Tactic: Crowdfunding

Now that housing prices are on the rise once more, house flippers are making their way back into the housing market in record numbers, hoping to snatch up distressed homes, renovate them swiftly and efficiently, and then put them back

Home Still on the Market? Your Listing Could Be to Blame

As CNBC points out, location and price aren’t everything when trying to sell your home. If you’ve been trying to sell and haven’t had any luck, the problem could be in the words you use in your listing – especially

Zillow Economist: Low Interest Could Pose Future Problems to Homebuyers

Zillow Chief Economist Stan Humphries warned on Tuesday that the extremely low mortgage rates we’re seeing right now could pose a problem for would-be homebuyers once they’re ready to turn around and sell. “In a lot of markets, homebuyers are

Rising Home Prices Deterring Would-Be Buyers

Potential homebuyers have found themselves up against a serious roadblock recently, as the median sale price of used homes soared 7.5 percent over the last year to $202,600 in February. Meanwhile, as Lawrence Yun, chief economist at the National Association

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