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US sales of previously occupied homes up in April
Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving. The National Association of Realtors said Tuesday that home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million. Home sales have rebounded after falling in ...
Report: Fewer US homes foreclosed upon in April
National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process. But state-level data point to potentially more home repossessions ahead in Florida and many of the 25 other states where courts are required to ...
US economy picks up after early spring slump
Maybe the U.S. economy's strength this winter wasn't just weather-related after all. Home construction is near a three-year high. And factory output has risen in three of the year's first four months. The data released Wednesday suggest growth in the April-June quarter is off to a good start, helped by ...
US builder confidence at highest level in 5 years
Confidence among U.S. builders rose to the highest level in five years in May, a hopeful sign that modest improvement in the housing market will pick up. The National Association of Home Builders/Wells Fargo builder sentiment index rose to 29 in May. That's the highest reading since May 2007 and ...
US rate on 30-year mortgage hits record 3.83 pct.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ticked down to 3.83 ...
There's room at inn for Olympics _ but it'll cost
It's months before athletes hit the Olympic track, but time is running out for those in another fierce competition: The scramble for a place to stay in London. Some innkeepers will be charging Ritz rates for Fawlty Towers rooms — and they will get away with it. A limited hotel ...
US rate on 30-year mortgage hits record 3.84 pct.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent, the lowest since long-term mortgages began in ...
US construction spending barely increased in March
U.S. builders barely increased their spending on construction projects in March after two straight months of declines. A pickup in single-family home construction and commercial projects offset a steep drop in state and local government building. The Commerce Department said Tuesday that construction spending ticked up 0.1 percent. The small ...
Census: Homeownership hit 15-year low in 1Q
The American dream of homeownership is at its lowest point in 15 years, the latest evidence of a housing market still far from recovering five years after the housing crash. New figures released Monday by the Census Bureau show the rate of U.S. homeownership fell in the first three months ...
Contracts for US homes rose last month
An index that tracks the number of signed contracts to buy U.S. homes rose to its highest level in nearly two years last month, the latest sign the battered housing market is slowly improving. The National Association of Realtors said Thursday that its index of sales agreements increased 4.1 percent ...
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