Category Archives: Ping.fm

-Charlotte-area home sales fell again in April after ticking upward the month before, the latest sign of continued challenges in the market, a new report shows. About 1,880 houses, townhouses and condos sold in the Charlotte region last month, down … Continue reading →

It’s worse. New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse. Average home prices are down 8% from a year ago, 3% over the quarter, and … Continue reading →

Trends in home remodeling are showing their greatest improvement in over four years, although tight credit and a lack of home equity continue to restrain demand. The National Association of Home Builders reports that its Remodeling Market Index rose a full … Continue reading →

Mortgage Interest Rate Table Year High Low Year High Low Year High Low 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 5.46 5.51 6.81 6.77 7.52 … Continue reading →

Over the past three months, the NAHB Government Affairs has been tirelessly working with concerned lawmakers to address the AD&C lending crisis.  Rep. Gary Miller (R-CA) has crafted AD&C legislation that addresses our concerns and implements solutions to the housing … Continue reading →

The Commerce Department reported the average price of a new home sold in December was the highest it’s been since July 2008–$291,400.

Despite softer home sales, Lennar revealed on Tuesday a first-quarter profit over a year ago loss on improvements in its distressed real estate business. The company posted net earnings of $27.4 million, or 14 cents a share, compared with a loss of $6.5 … Continue reading →

House Republicans pushed through legislation last Tuesday to terminate an underachieving Obama administration program designed to reduce mortgage payments for homeowners in danger of losing their homes to foreclosure. Most Democrats, while acknowledging that the Home Affordable Modification Program has … Continue reading →

About 10% of homeowners with mortgages have more than 25% negative equity. The break down of equity by state.