Real Estate

FILE- In this April 23, 2018, file photo advertising signs point out completed new homes, homes under construction as well as lots for new homes in Glen Allen, Va. On Wednesday, Nov. 28, the Commerce Department reports on sales of new homes in October. (AP Photo/Steve Helber, File)
November 28, 2018 - 11:12 am
WASHINGTON (AP) — Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a seasonally adjusted annual rate of 544,000 last month...
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November 27, 2018 - 9:05 am
WASHINGTON (AP) — U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index rose 5.1 percent from a year earlier. That's down from a 5.5 percent yearly gain in the previous month. It was...
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FILE- In this Oct. 24, 2017, file photo, vehicles travel along State Street, the main thoroughfare through town, as seen from the Bicentennial Tower in Erie, Pa. Each quarter, NerdWallet calculates home affordability for 172 metropolitan areas for which the National Association of Realtors publishes home prices. NerdWallet narrowed its focus this quarter to 87 medium-size metros with populations between 250,000 and 1 million. Erie ranked in the top five most affordable medium-size metro areas in the third quarter. (AP Photo/John Minchillo, File)
November 22, 2018 - 11:36 am
Big coastal cities have some of the highest house prices in the country. In comparison, medium-size cities are often relative bargains. But not always. Each quarter, NerdWallet calculates home affordability for 172 metropolitan areas for which the National Association of Realtors publishes home...
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FILE- In this Aug. 30, 2018, file photo sold placards top sale signs outside homes on the market in Denver. On Wednesday, Nov. 21, the National Association of Realtors reports on sales of existing homes in October. (AP Photo/David Zalubowski, File)
November 21, 2018 - 10:02 am
WASHINGTON (AP) — U.S. home sales rose in October, breaking a six-month losing streak. But sales are still down from a year ago, hurt by rising interest rates. The National Association of Realtors says that sales of existing homes climbed 1.4 percent to a seasonally adjusted annual rate of 5.22...
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FILE- In this July 23, 2018, file photo a construction worker puts down roofing paper on a new home as he works outside in Houston. On Tuesday, Nov. 20, the Commerce Department reports on U.S. home construction in October. (AP Photo/David J. Phillip, File)
November 20, 2018 - 9:46 am
WASHINGTON (AP) — U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell. The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in...
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FILE- In this Thursday, Nov. 8, 2018, file photo, specialist Dilip Patel, left, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Nov. 15. (AP Photo/Richard Drew, File)
November 15, 2018 - 3:57 pm
U.S. stocks recovered from an early slide Thursday, placing the market on course to break a five-day losing streak. Gains in technology companies, banks and industrial stocks outweighed losses among big retailers, homebuilders and utilities. Energy stocks rose along with crude oil. European indexes...
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FILE- In this Oct 2, 2018, file photo, a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. On Thursday, Nov. 15, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/David Zalubowski)
November 15, 2018 - 11:42 am
WASHINGTON (AP) — U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage was unchanged from last week at 4.94 percent...
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A former dock facility is shown with old transfer bridges, with "Long Island" painted in large letters at Gantry State Park in the Long Island City section of Queens Borough in New York, Tuesday, Nov. 13, 2018. Amazon announced Tuesday it has selected the Queens neighborhood as one of two sites for its headquarters. (AP Photo/Bebeto Matthews)
November 14, 2018 - 1:18 am
NEW YORK (AP) — Much of the New York City neighborhood selected by Amazon for one of its new headquarters is in a federal "opportunity zone," a designation created by President Donald Trump's tax overhaul that offers developers potentially millions of dollars in capital gains tax breaks to invest...
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FILE - In this May 7, 2009 file photo, homes built by D.R. Horton Inc. are shown in Cahndler, Ariz. Major homebuilders are taking a beating on Wall Street as rising interest rates and home prices continue to keep potential buyers on the sidelines. Shares in leading U.S. homebuilder D.R. Horton have fallen more than 8 percent in Thursday, Nov. 8, 2018, morning trading while others in the sector saw declines between 4 percent and 6 percent. (AP Photo/Ross D. Franklin, File)
November 08, 2018 - 11:15 am
WASHINGTON (AP) — The beating for homebuilders is continuing as rising interest rates and home prices keep potential buyers on the sidelines. Mortgage buyer Freddie Mac said Thursday that the average rates on 30-year, fixed rate mortgages hit a 7-year high. Also Thursday, D.R. Horton said home...
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FILE- In this Oct 2, 2018, file photo a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. On Thursday, Oct. 25, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/David Zalubowski, File)
October 25, 2018 - 12:01 pm
Long-term U.S. mortgage rates edged slightly higher this week amid continued anxiety in financial markets as interest rates rise. Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac said Thursday...
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