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According to a recent report by Zillow, if American homeowners moved at the same rate they did in 1990, there would have been about 2.8 million more homes sold in 2016. This would solve the ongoing inventory problem, but the fact is Americans just aren’t moving, for a...

Sales to increase 3.5% this year Single-family existing home sales are set to see their best year since 2006, driven by robust job gains and improving household confidence, according to the forecast from the National Association of Realtors. While existing home sales...

The percentage of U.S. mortgages in the process of foreclosure at the end of the first quarter fell to its lowest level since the first quarter of 2007, the Mortgage Bankers Association said on Tuesday. The share of home loans in foreclosure was 1.39 percent in the...

Figures support idea that recent slowdown was transitory Michigan consumer-sentiment gauge ticks up to four-month high The U.S. economy is back on track for steady growth, though not much more. Data released Friday showed consumer retail purchases rose last month,...

Mortgage application volume is still nearly 14 percent below year-ago levels because of weaker refinancing. "Continuing strength in the job market and improving consumer confidence drove overall purchase applications to increase last week," said economist Joel Kan....

Fed Funds Rate to level out at 3% The Congressional Budget Office, which provides nonpartisan analysis for the U.S. Congress, released its 2017 Budget and Economic Outlook, which showed a forecasted nine federal funds rate hikes by the year 2020. Wednesday, the...

Mortgage rates held steady this week as mixed economic news kept them in check. News of a strengthening labor market was offset by disappointing first-quarter growth in gross domestic product. According to the latest data, released Thursday by Freddie Mac, the 30-year...

Odds of June rate hike jump to 90% after statement The Federal Reserve on Wednesday left a key borrowing rate unchanged and dismissed a weak first quarter as temporary, signaling it is still on track to raise interest rates at gradual pace. “The [Federal Open Market...

For the first time in a decade, more new households chose to buy a home rather than rent one in the first quarter of 2017, according to Census Bureau data. About 854,000 new households purchased a home—more than double the 365,000 new households who chose to rent. New...