Ninety-three percent of home buyers reported that they financed their home purchase with a mortgage.
The sale of new homes is associated with a direct contribution to GDP, based on the value of construction put in place.
In 2008, 70 percent of home buyers indicated that they purchased a home to use as their primary residence, an increase from 67 percent in 2007 and up significantly from 60 percent in 2005.
The purchase of a vacation home or a residential investment property is influenced by many factors that are often different than the motivations for the purchase of a primary residence. Especially during a period of weak home sales and considerable uncertainty about the economy, it is important to gauge how the economic environment is affecting each segment.
With the economy still struggling through the prolonged economic recession, with consumers concerned about employment and the prospects for recovery, the multi-family sector is displaying softening, but positive fundamentals.
Overall, 21 percent of sellers indicated that what they wanted most from their agent was help pricing their home competitively.
There are many reasons that drive the decision of home buyers to make a purchase at a particular time.
Metropolitan areas in the South in general are among the fastest growing immigrant destinations.
Affordability has been a major concern as home prices in some markets more than doubled earlier in the decade. After a period in the 1990s of great affordability when mortgage costs were between 20 and 35 percent of household income for most U.S. markets
U.S. banks that received billions of dollars of taxpayer money to bolster their capital could place bets on the same toxic assets that got them into trouble in the first place -- and with government support.
Feb Chairman Ben Bernanke said Friday the central bank's strategy to ease the financial crisis is working and he also acknowledged that the Fed was “extremely uncomfortable” about last year's bailouts for big financial companies.
Capital One Financial Corps rating was downgraded on Friday.
Ritz Camera Centers Inc has announced that it will close over 300 stores or 40% of its total stores in a court-supervised bankruptcy reorganization.
Switzerland's National Bank said Friday that UBS has completed its final installment of toxic assets to a specially-created investment fund of $38.7 billion.
The combination of global titans IBM and Sun could be the most expensive ever acquisition in tech history, but according one analyst, this could also be the messiest.
Carnival Corp, the world's largest cruise ship operator, cut its second-quarter and full-year earnings outlook, citing higher fuel costs and a falling U.S. dollar.
Royal Bank of Scotland will cut more jobs, Chairman Philip Hampton warned on Friday as he called for an end to the public flogging of the state-rescued bank over its past mistakes.
American International Group Inc said Thursday it has completed the sale for $263 million to Bank of Montreal's BMO Financial Group, according to the reports.
International Business Machines Corp said Thursday it will cut its bid for Sun Microsystems Inc to an offering price ranging $9 to $10 a share.
Shares of Dow Chemical Co. jumped Thursday, the day after the company closed on its $16.5 billion buyout of Rohm & Haas and immediately sold Rohm's Morton Salt division to cut its debt load.
World leaders on Thursday clinched a $1.1 trillion deal to combat the worst economic crisis since the Great Depression, and tightened the rules to stop it happening again.
After UBS analyst Heather Bellini repeated her Buy rating on the shares and lifted her target price and EPS estimates, Adobe shares jumped 35 percent since its March 4 guidance reset, and is up 7.6 percent today.
Amazon was cuts on valuation basis Thursday to Equal Weight from Overweight as Barclays Capital analyst Douglas Anmuth said the outlook remains negative.
ArcelorMittal , the world's largest steelmaker, said on Thursday it had extended its credit lines by $1.2 billion until 2012, bringing the total amount of such refinancing to $6 billion.
Goldman Sachs analyst said Wednesday, Web-based software provider to sell Saleforce shares and VMware Inc to buy as the companies faces slowing IT spending.
Demonstrators clashed with riot police and smashed the windows of a bank in London's financial center on Wednesday in protest against a system they said had robbed the poor to benefit the rich.
Fresh speculation has swirled about mining giant BHP Billiton resurrecting a takeover bid for rival Rio Tinto, but such a move is unlikely before Rio repairs its balance sheet.
The Obama administration is seeking to ease General Motors Corp into a controlled bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.
Fortis was set on Wednesday to postpone a shareholder vote on the sale of its former banking arm to BNP Paribas, casting fresh doubt over whether it can complete the deal.
Australian miner OZ Minerals agreed to sell most of its assets to China's Minmetals for $1.21 billion on Wednesday, securing Australian mining's second big Chinese investment in as many days.
