Real Estate

Over the past decade, the shareholder returns of leading homebuilders such as D.R. Horton and Lennar have outperformed the broader S&P 500 index. Despite facing recent downgrades in their investment outlook, there is still optimism among some investors regarding the industry’s potential for growth and performance. This trend suggests that there may be underlying strengths
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In July, closed sales of previously owned homes rose by 1.3% compared to the previous month. This increase marked the first gain in five months. Despite this improvement, sales were 2.5% lower than the same period last year. The Northeast saw the most significant gains in sales, while the Midwest experienced flat sales. Prices also
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The trend of falling mortgage rates in the past few weeks has been significant, but it seems the rush to refinance has slowed down. Refinance applications dropped by 15% last week, which is a notable decrease. Despite this decline, there has been a substantial increase of 90% compared to the same period last year. The
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Homeowners across the United States are currently in possession of an impressive $17 trillion in equity, a figure that has significantly increased from previous years. This substantial equity growth translates to an average homeowner gaining $28,000 more in equity compared to the previous year. Despite this wealth tied up in home equity, many homeowners are
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With record inflation rates hitting the market, the question of whether homeownership is truly a wise investment has been brought to the forefront. The rising home prices, outpacing income growth, are causing concerns among potential and existing homeowners. More than a quarter of homeowners who have mortgages are struggling to cover their housing costs, spending
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