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Provided by Dow Jones By Nicole Friedman Home prices rose in nearly every corner of the country in the first quarter, showing little sign of fading soon with limited housing inventory and robust buyer demand. The median sales price for existing single-family homes was higher in the quarter compared with a year ago for 182 of the 183 metro areas tracked by the National Association of Realtors, the association said Tuesday. In 89% of those metro areas, median prices rose by more than 10% from a year earlier. The current home-sales boom has been unusually wid...

Maine Nov 21, 2019 A building at a lumber yard in Portland, Maine was destroyed overnight in a roaring three-alarm fire. News Center Maine reports that the building — in addition to lumber — at Eldrige Lumber were destroyed in the blaze. Crews received a call about the fire at 165 Presumpscot St. at about 11:30 p.m. Wednesday. Governor Sep 26, 2018 For many living near South Carolina’s coast, Florence is the visitor they never wanted who now refuses to leave. Eleven days after the once-fierce hurricane arrived on the coast, and more than a week after it...

March 8, 2021 Continue Reading For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand, says LGI Homes chairman and CEO Eric Lipar. At the same time, the Mortgage Bankers Association’s seasonally adjusted index showed total mortgage application volume remained virtually unchanged. The housing market’s strong demand has been greatly fueled by record-low mortgage rates, says CNBC. LGI Homes’ Lipar told CNBC that the rising mortgage rates could push buyers to move even quicker and to remember that ...

A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association's seasonally adjusted index showed total mortgage application volume was essentially flat last week. The housing market has been one of the bright spots of the U.S. economy during the coronavirus pandemic, sparked in part by increased geographic flexibility and record-low borrowing costs. But a recent move higher in U.S. Treasury yields has led some to ponder the implications for residential real estate. "Still real str...

LGI Homes (LGIH) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. LGI Homes (NASDAQ: LGIH) Welcome to the LGI Homes fourth-quarter 2020 conference call. Today's call is being recorded, and a replay will be available on the company's website later today at www.lgihomes.com. We have allocated an hour for prepared remarks and Q&A. [Operator instructions] At this time, I'd like to turn the call over to Joshua Fattor, vice president of investor relations at LGI Homes. Mr. Fattor, you may begin. Josh Fattor -- V...