Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates, caused home prices to accelerate in major markets across the nation.
The subpoena would compel accounting firm Mazars USA to turn over eight years of returns and other financial documents.
The latest read on the home prices showed a jump in July, according to the Case-Shiller Index. CNBC’s Diana Olick reports.
Home prices have risen 4.8 percent in July, according to the Case-Shiller Index. Jack Micenko, Susquehanna Financial Group, and Tendayi Kapfidze, Lending Tree chief economist, join ‘Power Lunch’ to discuss the names they’re watching in the sector.
Mortgage applications to purchase a home fell 2% for the week but were 22% higher than one year ago, according to the Mortgage Bankers Association.
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. CNBC’s Diana Olick reports.
Pending home sales rose 8.8% in August, reaching a record high pace, according to the National Association of Realtors survey.
CNBC’s Diana Olick reports on pending home sales data, which jumped 8.8% to a new record high.
DocuSign CEO Dan Springer explained how the home-buying process has evolved during the pandemic and what he sees as the “new normal” for contracts going forward.
Despite a global recession brought on by the coronavirus pandemic, home values around the world continue to rise, with some markets at risk of overheating.