Home >> News >> Data (page 576)

Data

Household Debt Climbs in Q4, Led by Mortgages

The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014. Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion.

Read More »

Home Prices Edge Up 0.1% in December

The latest price index from FNC Inc. shows the nation's average home price moved up 0.1 percent in December, turning around after a 0.1 percent decline in October and no notable change in November. Home prices fell 0.2 percent through 2014's fourth quarter compared to the third, putting annual growth at about 5 percent compared to 5.2 percent in November and 5.7 percent in October.

Read More »

Homebuilder Sentiment Cools in February

The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index fell two points in the association's February reading, coming in at 55 for the month, the group said Tuesday. NAHB Chairman Tom Woods said February's slight decline is "largely attributable to the unusually high snow levels across much of the nation."

Read More »

Economists Brighten Up on Labor, Housing

"It's got to be positive for housing, because all your consumer numbers are going in the same direction," said John Silvia, managing director and chief economist with Wells Fargo, who was one of the 39 panelists to participate in the survey. "With more jobs, higher wages, and income growth, you always see an increase in consumer confidence."

Read More »

Many Millennials Opting for Homeownership Over Marriage

When it comes to major life milestones, mortgages come before marriages for a large number of millennials, according to data released Friday. In a recent survey conducted by Redfin, 38 percent of Americans age 18–34 say they either would or have put off a wedding or honeymoon in favor of saving to buy a home.

Read More »

Housing Affordability Slips in California in Q4

California

Thirty-one percent of homebuyers living in the state were able to afford a median-priced existing single-family home last quarter, the California Association of Realtors (C.A.R.) said Thursday. While that was a slight improvement from 30 percent in Q3, it was down from a revised 32 percent in 2013's closing months, the group reported.

Read More »

Survey: Rising Rents to Continue Challenging Homeownership

Late last year, real estate firm Zillow reported that renters living in the United States paid a cumulative $441 billion in rents throughout 2014, a nearly 5 percent annual increase spurred by rising numbers of renters and climbing prices. Results from a more recent survey conducted by Zillow and Pulsenomics suggest that rent prices will continue to be a problem for the aspiring homeowner for years to come.

Read More »

Applications Point to Jump in January New Home Sales

The Mortgage Bankers Association (MBA) said Thursday that new home purchase applications rose 29 percent from December to January, not including any seasonal adjustments. The group pulled its data from its monthly Builder Application Survey, which tracks application volumes from mortgage subsidiaries of homebuilders.

Read More »