News Category: Real Estate News

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Building Claws Higher in July

Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled 1.4 percent.

Approvals for builds, encouragingly, increased 1.5 percent to...

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Appraisals Catch Up to Homeowner Opinions

Appraisers and homeowners are on similar wavelengths, with appraisals coming in only 0.28 percent under what homeowners expected in July, according to the Quicken Loans National Home Price Perception Index (HPPI). Appraised home values rose 4.86 percent year-over-year, according to the Quicken Loans National Home Value Index (HVI).

“The story...

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