Real Estate: Latest Financial Topics from CNBC

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Here is the latest Real Estate News from CNBC.

Housing deja vu: Bank requires only a few mortgage documents
A community lender is offering “Lite Doc” loans, requiring only job verification and two months of bank statements.

House flipping heats up, creating ‘home price pressure cooker’
Home flipping is back — its share of all home sales is up 20 percent in the first three months of this year.

Mortgage applications drop 4.1% over Fed rate uncertainty
Applications to refinance a loan and to purchase a home fell last week, as interest rates maintained a slow climb.

Nearly 7 million homes at hurricane risk this season: Report
The hurricane season is here, and a report says rebuilding from storm surges this year could cost $1.5 trillion.

Get really fit by hitting the basement
Thousands of offerings, from cardio to core, back to butt, are in demand and on-demand, streaming on smart TVs, tablets and laptops.

Wells Fargo launches 3% down payment mortgage
The nation’s largest lender is offering a new mortgage with a 3 percent down payment requirement. What gives?

Obamas’ next home: 9 bedrooms in upscale Washington neighborhood
The mansion in Washington’s upscale Kalorama neighborhood is owned by former Clinton aide Joe Lockhart. The NYT reports.

Homebuying, not refinancing, drives mortgage applications up 2.3%
Slightly higher mortgage rates did not deter homebuyers looking for a loan last week.

Higher home sales, prices drive Toll Brothers revenue beat
Toll Brothers’ revenue rose nearly 31 percent, as the company sold more luxury homes at higher prices, mainly in the West market and California.

Facebook’s Zuckerberg plans to demolish and rebuild his four-home complex
Mark Zuckerberg’s residence is set for an overhaul, with plans to downsize surrounding houses, according to documents.

Low supply plagues spring housing: Here’s where it is worst
The number of homes for sale drops as demand outstrips supply and potential sellers bow out.

New home sales race to 8-year high, prices soar
Prices hit a record high, offering further evidence of a pick-up in economic growth early in the second quarter.

Sam Zell: I’m a seller in this market, but I’m buying THIS
Sam Zell said he’s investing less because he sees fewer opportunities and selling more because he doesn’t get buyers’ optimism.

US retailers are following the $$$ to these locations
American retailers already operate in more foreign countries than Asian and European retailers do, but the gap is now widening.

Millennials may not be buying homes, but more are selling them
The housing crisis thinned the ranks of Realtors, but a new guard is signing up, younger folks who want to sell you a house.

Why homesellers are pulling back in this busy season
Homesellers are hesitant to list their homes this spring because of anxiety about finding a desirable home to buy.

For homebuilders, new regulations mean no new starter homes
An increasing amount of new regulations is hurting business, say some of the nation’s biggest homebuilders.

Worried about home prices? Here’s who to vote for
Zillow surveyed housing experts to see which of the presidential candidates would be best for the housing market.

Lowest rates in a year no enticement: Mortgage applications down 1.6%
Mortgage rates remained close to the lowest levels in a year, but that didn’t push homebuyers to take the plunge.

‘This is a tough market’: Homebuilder Lennar CEO
Homebuilders gathered for a conference Tuesday say their tepid pace is in response to cautious consumers in housing.

April housing starts up 6.6%, CPI up 0.4%
CNBC’s Rick Santelli breaks down the latest numbers on housing and consumer prices. And CNBC’s Steve Liesman and Diana Olick provide insight to the housing market.

Homebuilder sentiment unchanged for four months
A monthly index of sentiment by the National Association of Home Builders registered 58 yet again in May, the same as April.

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