Housing

Zillow Group Inc (NASDAQ:ZG) (NASDAQ:Z) reported financial results for the third quarter after the bell on Wednesday. Here’s a look at the key details from the print. Q3 Revenue: $581 million, versus estimates of $554.68 million Q3 Adjusted EPS: 35 cents, versus estimates of 29 cents...

The U.S. Department of Justice (DOJ) announced Monday afternoon that it’s going after a group of companies for alleged racial discrimination in mortgage refinancing applications. What To Know: The DOJ filed a lawsuit against Rocket Companies Inc.’s (NYSE:RKT) Rocket Mortgage; as well as...

Boxer Floyd Mayweather isn't just collecting championship belts anymore — now he's after buildings. What Happened: According to The Real Deal, the undefeated champ — known for the moniker “Money” — is set to drop a cool $402 million for a 1,000-unit affordable housing portfolio, spread...

RE/MAX Holdings, Inc. (NYSE:RMAX) released its National Housing Report for September 2024, which showed home sales slowed 13.3% from August and the median sales price dropped 1.4% from August to $429,000.  The Details: RE/MAX explained the September home sales dip was a seasonal norm and...

Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market. What Happened: Hurricane Milton has left devastation in the state of Florida that impacts multiple sectors and will take time to clean up and...

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

The International Longshoremen's Association (ILA) initiated a strike earlier this week amid ongoing negotiations regarding wage increases and protections against automation and AI. The strike, if prolonged, could lead to supply constraints which may cause prices to rise, economists warn.These are...

KB Home (NYSE:KBH) reported third-quarter financial results after the market close on Tuesday. Here’s a look at the key metrics from the quarter. Q3 Earnings: KB Home reported third-quarter revenue of $1.75 billion, beating analyst estimates of $1.728 billion. The U.S. homebuilder ...

Lael Brainard, the former vice chair of the Federal Reserve and current director of the National Economic Council, spoke at a Detroit Economic Club event Monday and discussed the current economic climate and why inflation has remained sticky. While she acknowledged that inflation has fallen from...

Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve’s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19...

The U.S. housing market has been tumultuous due to persistent interest rate hikes. However, an upward revision of U.S. gross domestic product growth in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point rate cut next month. With mortgage rates...

Homebuilder Toll Brothers Inc (NYSE:TOL) could provide clues on how the housing market is fairing and how the 2024 election could benefit the company when third-quarter financial results are reported after market close Tuesday. Earnings Estimates: Analysts expect Toll Brothers to report third-...

A second-quarter earnings report from Lowe's Companies (NYSE:LOW) Tuesday before the market open could be closely watched by investors and analysts for clues on consumer spending on home repairs and the impact it could have on the housing sector.   Lowe’s Earnings Estimates: Analysts...

Throughout the Fed's mission to bring inflation down to its 2% target rate, housing prices have been one of the areas where price growth has remained the stickiest. Now the central bank plans on cutting interest rates amid a slowdown in the labor market, but this could also lead to inflation in the...

Mortgage rates continued to trickle down this month, falling to 6.77%. The housing market continues its long-term movement to equilibrium, albeit slowly, as housing remains unaffordable for many Americans. The Data: According to a Freddie Mac report, the average 30-year fixed mortgage rate fell to...