The key long-term U.S. mortgage rate held steady this week, providing a lure for potential homebuyers as the spring buying season goes forward. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.55 percent, unchanged ...
Read More »US construction spending drops 1.7 percent in March
U.S. construction spending dropped 1.7 percent in March, the biggest setback in 11 months, with weakness in a number of sectors including the biggest plunge in home building in nine years. The March decline was the first monthly drop since ...
Read More »US homebuilder sentiment slips; outlook remains positive
U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable ahead of the spring homebuying season. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday slipped this month ...
Read More »Rich San Francisco homeowners get sold-off street back
Residents of an exclusive San Francisco neighborhood who failed to pay taxes on their private, gated street for two decades got the street back Tuesday after supervisors voted to rescind the sale of the tax-defaulted property. The Board of Supervisors ...
Read More »US home sales ticked up in September as Houston recovers
U.S. home sales rose slightly last month as the Houston housing market quickly recovered from Hurricane Harvey. Still, a shortage of available homes is thwarting many would-be buyers and limiting sales. The National Association of Realtors said Friday existing home ...
Read More »US new home sales rise despite higher mortgage rates
Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home sales rose 6.1 percent month-over-month to a seasonally adjusted annual rate of 592,000, the Commerce Department said Thursday. That sales ...
Read More »Abandoned homes in Kansas City to go on sale for $999
A program in Kansas City that sold off dozens of eyesore houses for just a dollar last year hopes buyers are willing to pay a bit more for another batch of fixer-uppers. The Land Bank of Kansas City’s latest promotion, ...
Read More »US home rents up in March, but signs suggest an easing trend
Americans paid more to rent homes last month, but broader measures suggest that the surging increases of prior years have moderated in much of the country. Real estate data firm Zillow said Friday that the median U.S. monthly rent rose ...
Read More »US home sales slump in February; supply shortage hits market
Americans retreated from home-buying in February, reversing months of prior gains as low inventories push up prices to levels that restrict sales. The National Association of Realtors said Monday that sales of existing homes fell 7.1 percent last month to ...
Read More »US construction spending rises 0.6 percent in September
U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building. The Commerce Department said Monday that spending on construction rose to a seasonally adjusted annual rate of ...
Read More »SBA opens local centers for disaster loan applicants
The Small Business Administration says business owners affected by the summer’s severe storms and flooding will have access to low-interest federal disaster loans through. Through Thursday, Sept. 10, SBA representatives will be available to meet with and answer questions for ...
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