Latest news on ‘Real Estate’
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Pending home sales rise 5.2 percent in July
WASHINGTON (AP) — The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year’s levels, a sign that demand for [...]
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Consumer confidence and home prices edge up
NEW YORK (Reuters) – U.S. consumer confidence edged up in August while prices for U.S. homes gained more than expected in June, providing a little relief for those concerned about [...]
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U.S. foreclosures fall but new delinquencies up-MBA
(Reuters) – The number of U.S. homes headed for foreclosure fell during the second quarter, marking the first such drop since the housing slump began in 2006, but the improvement [...]
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Toll Brothers Turns A Profit, Pleases The Street
It took a lot of help from tax breaks, but high-end homebuilder Toll Brothers ( TOL – news – people ) managed to turn a profit during its fiscal third [...]
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Sales of existing homes plunge to 15-year-low
By Ariana Eunjung Cha
Sales of previously built single-family homes plunged in July to their lowest level since May 1995 as job fears trumped today’s low mortgage interest rates and relatively [...] -
Housing Fades as a Means to Build Wealth, Analysts Say
NY Times – Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in [...]
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Geithner pushing housing policy change
WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner said on Tuesday fundamental change is needed in the housing industry but appeared to back some mortgage guarantee.
Following are highlights from the Obama [...] -
U.S. Homebuilder Confidence Unexpectedly Drops to Lowest Since March 2009
Builders in the U.S. unexpectedly turned pessimistic in August, a sign the expiration of a government tax credit will keep depressing home construction.
The National Association of Home Builders/Wells Fargo confidence [...] -
Fed official calls low rates a `dangerous gamble’
WASHINGTON — Keeping interest rates at record lows is a “dangerous gamble” that could hurt the economy later on by unleashing inflation or new speculative bubbles, a Federal Reserve official [...]
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Mortgage rates hit fresh lows on soft U.S. economy
Reuters – Home loan rates set new lows in the latest week on more evidence of a soft U.S. economy and high unemployment, home funding company Freddie Mac said on [...]
