Most Recent in News economics
on April 18,2011
National index shows homeowners continue to spend on remodeling
on April 15,2011
The inventory of homes for sale rose slightly in March in many metropolitan areas across the nation. According to data compiled by ZipRealty, the listing inventory rose 1.1 percent in 23 metropolitan...
on April 15,2011
A new Gallup poll shows that about 60 percent of Americans want to keep the mortgage interest deduction as part of the federal tax code. The poll asked respondents if they would favor eliminating...
on April 14,2011
Bank of America, Wells Fargo, and JP Morgan Chase were among 14 financial institutions to receive penalties last week from the federal government for improper foreclosures. The banks were also...
on April 13,2011
Despite the housing bubble and subsequent crash, more than 80 percent of Americans still think buying a home is the best long-term investment a person can make. That's according to a recent Pew...
on April 06,2011
Construction employment saw an uptick in February, as 141 out of 337 metropolitan areas had increases in construction jobs compared to one year earlier, according to an analysis of federal employment...
on April 04,2011
Residential construction spending dropped in February, with home improvement spending leading the decline, after an unexpected increase in January.
on April 01,2011
A Russian billionaire purchased a new home in California for $100 million, the highest known price paid for a single-family home in the U.S. Yuri Milner, who made his fortune investing in enterprises...
on March 31,2011
The “shadow inventory”—the supply of homes in foreclosure or owned by banks but not yet listed for sale—fell in January, but could affect the housing market as weak sales and prices persist.
on March 30,2011
The number of second home sales dropped in 2010, but the market share held steady, according to new data released by the National Association of Realtors. The 2011 Investment and Vacation Home Buyers...
on March 29,2011
Thirteen percent of all U.S. homes stand vacant, according to U.S. Census Bureau data.
on March 24,2011
The housing market continued to show its weakness as home prices dropped for the third consecutive month in January, according to data released by the Federal Housing Finance Agency.
on March 23,2011
The housing market contracted last month as new home sales fell to 250,000, 16.9 percent lower than January’s upwardly revised 301,000 and 28 percent lower than February of last year, according to...
on March 22,2011
More borrowers are opting for adjustable-rate mortgages (ARMs) in the years since the housing crisis, but today’s ARMs look different than the gimmicky loans of the past.
on March 21,2011
Existing home sales decreased after three consecutive months of increases as tight credit continued to hold back buyers, the National Association of Realtors found in its latest report. Home resales...
on March 18,2011
The White House is threatening to veto two House Republican bills that would cancel two Obama administration housing programs, including the Home Affordable Modification Program — a $30 billion...
on March 17,2011
Newly released U.S. census data shows that Nevada has a record number of empty homes, more the double the amount in 2000.
on March 16,2011
Housing starts dropped 22.5% in February, falling to 479,000 from the revised January rate of 618,000, according to Calculated Risk.
on March 15,2011
The latest BuildFax Remodeling Index shows that improvements continue to outpace the rest of the construction market
on March 15,2011
Home prices continued to drop across the U.S. in January, falling for the sixth consecutive month as several factors continue to affect the housing market.