Jun 27th 2012 12:01PM
By Christopher S. Rugaber WASHINGTON -- Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests that home sales will rise this summer and the modest housing recovery will continue. The National Association of Realtors said Wednesday that its... Continue Reading »
Jun 21st 2012 11:40AM
By Martin Crutsinger WASHINGTON -- Americans bought fewer homes in May than April, suggesting a sluggish job market could threaten a modest recovery in housing. The National Association of Realtors said Thursday that sales of previously occupied homes dropped 1.5 percent in May from the previous month to a seasonally... Continue Reading »
Jun 1st 2012 1:10PM
By Martin Crutsinger WASHINGTON -- U.S. builders increased their spending on construction projects for a second month in April. A pickup in home construction and commercial projects offset a fifth consecutive decline in government spending. Construction spending rose 0.3 percent in April, matching an upwardly revised... Continue Reading »
May 31st 2012 11:20AM
WASHINGTON -- Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever. Low rates have helped brighten the outlook for home sales this year. Mortgage buyer Freddie Mac says the average rate on the 30-year loan... Continue Reading »
May 30th 2012 5:00PM
By Martin Crutsinger WASHINGTON -- A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. The decline was the biggest in a year. Still, sales are well ahead of last year's level for the same month, suggesting the housing market is improving slowly. The... Continue Reading »
May 9th 2012 11:30AM
LOS ANGELES -- Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday that it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The Charlotte, N.C.,-based... Continue Reading »
Billionaire David Siegel's Unfinished 'Versailles' Mansion in Florida to Resume Construction
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