D.R. Horton's 'Express Homes,' primarily offered in Florida, Texas and Georgia, will sell from $120,000 to $150,000.

By MSN Real Estate partner 10 hours ago

By Diana Olick, CNBC

 

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The average price paid for space above a Manhattan building increased 47 percent in 2013.

By MSN Real Estate partner 13 hours ago

© Agnieszka Gaul, Vetta, Getty ImagesBy Keiko Morris, The Wall Street Journal

 

The market for Manhattan air is heating up.

 

The average price paid in Manhattan for the transfer of air rights — the undeveloped space above a building — rose 47 percent in 2013 from the previous year, according to a report from Tenantwise Inc., a New York real estate services and advisory company.

 

As land prices rise, developers are moving to secure air rights to enable them to build towers with highly coveted, highly profitable upper-floor apartments. Building tall also renders construction costs more economical, experts said.

 

Don't forget to mention these amenities in your home listing.

By MSN Real Estate partner 13 hours ago

© Image Source/Getty ImagesBy Tara-Nicholle Nelson, Trulia

 

In real estate, we often use the term "under market" to describe a home that is priced or purchased for less than its fair market value. But I sometimes see an unrelated real estate phenomenon I think Webster's dictionary would rank as a second definition for "undermarketing": to list a home and fail to mention features the homes have thatbuyers would have been attracted to, had they seen them in the home's listing description, flier or online marketing.

 

For example, my first home was a modest rancher, lots of fixing needed, located in a quiet part of town that I'd never heard of. At my agent's insistence, I finally went to see it. Only then did I realize that the property just so happened to be situated with panoramic views of the San Francisco Bay. Bizarrely enough, this massive selling point had not received even a passing mention in the listing.

 
Tags: selling

The average rate on a 30-year home loan has jumped almost a percentage point from 2013.

By MSN Real Estate partner 14 hours ago

© Peter Dazeley/Getty ImagesBy Tess Stynes, The Wall Street Journal

 

Average fixed mortgage rates in the U.S. rose in a week with soft housing data, according to mortgage-finance company Freddie Mac.

 

"Mortgage rates edged up following the uptick in the 10-year Treasury note late last week," Freddie Mac Chief Economist Frank Nothaft said in a statement Thursday.

 

Recent data also showed that existing-home sales were essentially flat with a 0.2 percent decline in March and that new-home sales slid almost 15 percent in March, coming in well below expectations, Nothaft noted.

 
Tags: loans

Plans to dismantle Fannie Mae and Freddie Mac may be on hold if homebuying continues weak pace.

By MSN Real Estate partner Wed 1:51 PM

Associated PressBy Dan Freed, TheStreet.com

 

Put another nail in the coffin of President Obama's efforts to wind down Fannie Mae and Freddie Mac.

 

Housing numbers released by the Census Bureau on Wednesday showed a 14.5 percent drop in new home sales in March, far more than analysts estimated. While some pointed to the cold winter, a more commonly cited culprit was higher prices.

 

The number is just the latest in a string of discouraging housing data, and it comes less than a week before a scheduled vote on legislation introduced by Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, aimed at winding down Fannie and Freddie, a stated goal of President Obama.

 

With the share of flipped-home sales increasing in each of the past two years, it may help to know how to turn homes the right way.

By MSN Real Estate partner Wed 11:25 AM

© Burle/Triolo Productions/JupiterimagesBy Michael Estrin, Bankrate.com

 

Flipping is back. That may sound surprising for homeowners who saw their equity evaporate in the recent housing crisis. But data shows that house flippers -- buyers who purchase a home and then resell it within six months -- are returning to the market.

 

Flipped homes accounted for 4.6 percent of all U.S. single-family home sales in 2013, up from 4.2 percent in 2012 and 2.6 percent in 2011, according to data from RealtyTrac. Foreclosures have driven that trend. But increasingly, nondistressed properties are also ripe for house flipping.

 

The share of applicants seeking to refinance also declined.

By MSN Partner Wed 8:04 AM

Toy house sitting on money © Vstock, Tetra Images, CorbisBy Michelle Jamrisko, Bloomberg

 

BloombergMortgage applications in the U.S. fell for the fourth time in five weeks as fewer Americans made home purchases or refinanced their properties as borrowing costs rose.

 

The Mortgage Bankers Association’s index decreased 3.3 percent in the period ended April 18 from the prior week, the Washington-based trade group reported today. The 2.6 percent decline in purchases marked the measure’s first drop in six weeks and ended the longest string of gains since November 2012.

 
Tags: loans

Last month's figure marks lowest annual pace since last July.

By MSN Real Estate partner Wed 6:33 AM

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