Real Estate - The Salt Lake Tribune http://www.sltrib.com/cat/RealEstate Stories from The Salt Lake Tribune &copy; 2014 The Associated Press, The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our privacy policy: http://www.sltrib.com/pages/privacy. en-us webmaster@sltrib.com (Webmaster) Average U.S. 30-year mortgage rate at 4.23 percent http://www.sltrib.com/sltrib/money/58428766-79/percent-mortgage-average-week.html.csp Washington • Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.37 percent from 3.26 percent. At 4.23 percent, the rate on a 30-year mortgage is at its highest level since the week ended May 1, though it is still at ... Washington • Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.37 percent from 3.26 percent. At 4.23 percent, the rate on a 30-year mortgage is at its highest level since the week ended May 1, though it is still at ... <img src="http://mngislctrib.112.2O7.net/b/ss/mngislctrib/1/H.17--NS/0?&pageName=RSS" height="1" width="1" border="0" alt=""/> 58428766@www.sltrib.com Thu, 18 Sep 2014 10:04:01 MDT Homebuilder Lennar’s profits beats estimates http://www.sltrib.com/sltrib/money/58426087-79/homes-earnings-homebuilder-lennar.html.csp Los Angeles • Lennar Corp. reported fiscal third-quarter earnings Wednesday that beat analysts’ estimates as it sold more homes at higher prices. Net income in the three months through August was $177.8 million, or 78 cents a share, compared with $120.7 million, or 54 cents, a year earlier, the Miami-based company said in a statement Wednesday. The average of 20 analyst estimates was for earnings of 67 cents a share, according to data compiled by Bloomberg. The second-biggest U.S. homebuilder by... Los Angeles • Lennar Corp. reported fiscal third-quarter earnings Wednesday that beat analysts’ estimates as it sold more homes at higher prices. Net income in the three months through August was $177.8 million, or 78 cents a share, compared with $120.7 million, or 54 cents, a year earlier, the Miami-based company said in a statement Wednesday. The average of 20 analyst estimates was for earnings of 67 cents a share, according to data compiled by Bloomberg. The second-biggest U.S. homebuilder by... 58426087@www.sltrib.com Wed, 17 Sep 2014 17:21:01 MDT Average U.S. 30-year mortgage rate at 4.12 percent http://www.sltrib.com/sltrib/money/58402042-79/percent-mortgage-average-4.12.csp Washington • Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week, where it had stayed for three straight weeks. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.26 percent from 3.24 percent. At 4.12 percent, the rate on a 30-year mortgage is down from 4.53 percent at the ... Washington • Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week, where it had stayed for three straight weeks. The average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.26 percent from 3.24 percent. At 4.12 percent, the rate on a 30-year mortgage is down from 4.53 percent at the ... 58402042@www.sltrib.com Thu, 11 Sep 2014 08:55:02 MDT U.S. subprime crisis stars in Venice film festival http://www.sltrib.com/sltrib/money/58351772-79/venice-film-garfield-director.html.csp Venice, Italy • Florida’s realtors and tourism authorities probably will not be using “99 Homes” in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani’s Orlando-set drama, one of 20 films competing for prizes at the Venice Film Festival. The movie stars Andrew Garfield as an evicted construction worker who sells his soul to the devil — or at least to Michael Shannon’s reptilian real estate agent — and takes a job evicting other struggling souls to earn enough mone... Venice, Italy • Florida’s realtors and tourism authorities probably will not be using “99 Homes” in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani’s Orlando-set drama, one of 20 films competing for prizes at the Venice Film Festival. The movie stars Andrew Garfield as an evicted construction worker who sells his soul to the devil — or at least to Michael Shannon’s reptilian real estate agent — and takes a job evicting other struggling souls to earn enough mone... 58351772@www.sltrib.com Fri, 29 Aug 2014 16:42:01 MDT Contracts to buy U.S. homes rise in hopeful sign http://www.sltrib.com/sltrib/money/58347042-79/percent-sales-contracts-homes.html.csp Washington • More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 3.3 percent to 105.9 last month. Still, the index remains 2.1 percent below its level a year ago. The pressures that caused home sales to stall last year have started to ease. The av... Washington • More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 3.3 percent to 105.9 last month. Still, the index remains 2.1 percent below its level a year ago. The pressures that caused home sales to stall last year have started to ease. The av... 58347042@www.sltrib.com Thu, 28 Aug 2014 11:18:30 MDT U.S. home price gains slowed in June http://www.sltrib.com/sltrib/money/58338420-79/percent-price-homes-gains.html.csp Washington • U.S. home prices increased at a slower pace in June — a cooldown that could continue for several more months. The Standard & Poor’s/Case-Shiller 20-city home price index rose 8.1 percent in June from 12 months earlier, according to a Tuesday report. That’s down from 9.4 percent a month earlier and the smallest annual gain since December 2012. Yearly price growth weakened in all 20 cities. Home values in Cleveland nudged up just 0.8 percent. Las Vegas led with a 15.2 percent gain. Bu... Washington • U.S. home prices increased at a slower pace in June — a cooldown that could continue for several more months. The Standard & Poor’s/Case-Shiller 20-city home price index rose 8.1 percent in June from 12 months earlier, according to a Tuesday report. That’s down from 9.4 percent a month earlier and the smallest annual gain since December 2012. Yearly price growth weakened in all 20 cities. Home values in Cleveland nudged up just 0.8 percent. Las Vegas led with a 15.2 percent gain. Bu... 58338420@www.sltrib.com Tue, 26 Aug 2014 09:58:11 MDT Sales of U.S. new homes fall in July http://www.sltrib.com/sltrib/money/58334341-79/sales-percent-homes-rate.html.csp Washington • Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said Monday that new-home sales fell 2.4 percent last month to a seasonally adjusted annual rate of 412,000. The report also revised up the June sales rate to 422,000 from 406,000. New-home sales plunged 30.8 percent in the Northeast, followed by smaller drop-offs in the Midwest and West. Purchases were up ... Washington • Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said Monday that new-home sales fell 2.4 percent last month to a seasonally adjusted annual rate of 412,000. The report also revised up the June sales rate to 422,000 from 406,000. New-home sales plunged 30.8 percent in the Northeast, followed by smaller drop-offs in the Midwest and West. Purchases were up ... 58334341@www.sltrib.com Mon, 25 Aug 2014 09:20:01 MDT