US Home Price Gains Slow To Over 6 Year Low Says Case-Shiller

House prices rose a seasonally adjusted 0.1% in January the S&P CoreLogic Case-Shiller 20-city index showed. Price gains were 3.6% higher compared to a year ago. However that is the slowest annual growth since 2012 with a monthly decline for the third-straight month.

US Mortgage Rates Highest Since Jan 2014, Applications Fall 4%

With all the noise from Wall Street execs and their bonuses the landscape isn’t looking so shiney for main street. We have had the stress of the biggest stock market point crash ever and now we see 30 year loans are at their highest since Jan 2014. no wonder applications 4.1%

Lennar $LEN & CalAtlantic $CAA nearly $10B merger will create the country’s largest homebuilder

Lennar and CalAtlantic merger in nearly $10B deal will create the country’s largest homebuilder, with LTM revenues topping $17B and a market cap of roughly $18B. The new company will control 240K homesites, with 1.3K active communities in 49 markets across 21 states.