The index measuring signed home-sale contracts increased 3.3 percent on the month.

By MSN Real Estate partner Thu 8:33 AM

By Diana Olick, CNBC


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Tags: buying

The eight-time Olympic-medal-winning skater is trying to sell his house for $569,900.

By MSN Real Estate partner Wed 3:12 PM

ZillowBy Catherine Sherman, Zillow


He's earned eight Olympic medals and even danced with the stars, but there's no slowing down for Apolo Anton Ohno. While training for the 140-mile Ironman World Championship, the speed skater has listed his South Jordan, Utah, home for $569,900.


Located at 9762 S. King Benjamin Drive, the 4,607-square-foot house is a custom two-story with an oversized three-car garage.


The interior has four bedrooms, four baths, a private master balcony, gourmet kitchen and covered patio.

Tags: celebrity

A new homeowner in Oregon got an unpleasant surprise at his new place: A couple had already moved in and claimed his house as theirs.

By MSN Real Estate partner Wed 9:59 AM
Tags: buying

With interest rates at a low for the year, the number of home-loan applications increased 2.8 percent.

By MSN Real Estate partner Wed 9:33 AM

© Alex Stojanov/AlamyBy Diana Olick, CNBC


While mortgage rates have teetered within a tight range, even a slight drop in interest rates was enough to boost mortgage applications, which are still coming in at an anemic pace.


Total application volume increased 2.8 percent on a seasonally adjusted basis from one week earlier, according to the Mortgage Bankers Association (MBA). Refinances rose 3 percent week-to-week, but were off 25 percent from a year ago, when mortgage rates were higher. The seasonally adjusted Purchase Index also increased 3 percent on week.

Tags: loans

The actor reportedly paid $2.375 million for the Hollywood Hills home of the actress.

By MSN Real Estate partner Aug 26, 2014 11:57AM

ZillowBy Catherine Sherman, Zillow


It appears Vince Vaughn has moved on from crashing weddings to buying newlyweds’ homes.

Actress Kate Bosworth, who had a country wedding this spring, listed her Hollywood Hills home for $2.499 million in April. Property records confirm Vaughn just scooped up the Los Angeles property for $2.375 million.

With three bedrooms and three baths, the house is smaller than Vaughn’s La Cañada Flintridge colonial, which Variety aptly called a "Beaver Cleaver-worthy five bedroom." Vaughn and wife Kyla Weber purchased the home last year to make way for baby No. 2.

Tags: celebrity

Rates are low, yet sellers are still reducing list prices. Is this a normal market?

By MSN Real Estate partner Aug 26, 2014 11:38AM

© Alex Raths/Getty ImagesBy Diana Olick, CNBC


There has long been a saying in the real estate market that potential homebuyers don't buy according to the home price or the mortgage rate. Instead, "they buy the monthly payment." The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically.


For example, home prices were able to soar uncontrollably during the last housing boom only because risky mortgage products at the time made monthly payments minuscule and down payments often nonexistent.


Rent now covers 29.5 percent of renters' income, compared to 24.9 percent a few years ago, Zillow says.

By MSN Real Estate partner Aug 26, 2014 11:09AM

© Digital Vision Ltd.By Krystal Steinmetz, MoneyTalksNews


Renting is now more costly than ever in 88 of the country's 100 largest real estate markets, a new report from Zillow says. That means trouble for potential first-time homebuyers, who are finding it more difficult to save a down payment to get their own place.


And that's a shame, because right now homes are more affordable to buy in 94 of the top 100 metropolitan areas compared with historic averages.


For first time since February 2008, all cities in the S&P/Case-Shiller Home Price Index show lower annual rates than the previous month.

By MSN Real Estate partner Aug 26, 2014 7:11AM

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