Finance :: Real Estate
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.
These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.
U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.
Fewer people bought new U.S. homes in February. Sales fell to their slowest pace in five months, a sign that the housing market has yet to recover fully from brutal winter weather.
Architect Louis Cherry sees the two-story structure - with its exposed beams, masonry piers, deep overhangs and shallow-pitched roof - as a "contemporary interpretation" of the Craftsman-style homes that dot the city’s Historic Oakwood District.
Pharrell Williams has put his Miami penthouse on the market for a cool $10.999 million, and from the looks of it, it should make someone very "happy."
The nation’s four biggest banks slashed billions of dollars from mortgages and other debts, enough to satisfy their obligations under a national mortgage settlement that stemmed from so-called robo-signing.
San Francisco will now lend as much as $200,000 to some homebuyers toward a down payment on their first house or condominium. Mayor Ed Lee’s decision to double the previous limit of $100,000 was intended to help middle-class residents.
U.S. homebuilders’ confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up.
Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac said the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week.