U.S home prices climbed 6.3 percent in June from a year earlier, as affordability is becoming a greater obstacle for would-be buyers. The S&P CoreLogic Case-Shiller 20-city home-price index rose at a slightly slower pace than the 6.5 percent annual ...
Read More »Home sales fall 0.7 percent, 4th straight monthly decline
U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of Realtors said ...
Read More »Average US mortgage rates fall; 30-year at 4.53 percent
Long-term U.S. mortgage rates fell this week for the second straight week, with relatively lower rates continuing to fail to spark home sales. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages dipped to 4.53 percent ...
Read More »July housing starts up a slight 0.9 percent as tariffs bite
U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 ...
Read More »US construction spending fell 1.1 percent in June
Spending on U.S. construction projects fell 1.1 percent in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years. The decline in June brought total construction ...
Read More »US existing-home sales fell 0.6 percent in June
U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers. The National Association of Realtors said Monday that homes sold last ...
Read More »Kansas City firm picked for $169M Chicago industrial park
The city of Chicago has announced plans for a $169 million industrial complex on the Southeast Side that it hopes will serve as a Midwest epicenter for transportation and logistics. A Sunday statement from Mayor Rahm Emanuel’s office says Kansas ...
Read More »Average US 30-year mortgage rates fall to 4.52 percent
Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. ...
Read More »US construction spending rose 0.4 percent in May
Spending on U.S. construction projects edged up 0.4 percent in May, while April’s figure was revised down significantly — signs that new building is still uneven despite a growing economy. The uptick in May brought total construction spending to a ...
Read More »How to be a happy timeshare owner
Many people are desperate to shed their timeshares. That provides bargains for timeshare enthusiasts like Angie and Mike McCaffery of Los Angeles. The retired couple has paid as little as 50 cents for “used” timeshares. They’ve parlayed their timeshare weeks ...
Read More »US new-home sales climbed 6.7 percent in May
Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of ...
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