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Late payments on mortgages hit 3-year low in 2Q

By The Associated Press
Published: August 8,2012

U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report.


Hudson Yards: NY’s urban town within a city

By The Associated Press
Published: August 6,2012

The old Hudson rail yards on Manhattan's West Side might have become the Olympic stadium if the city had won the summer games when it bid on them years ago. Instead, a $15 billion small city within a city will soon start rising on the 26 acres of land by the Hudson River, with the construction on the first building set for this year.


The Grab-and-Sell-Back gamble

By The Associated Press
Published: July 30,2012

In the foreclosure-battered inland stretches of California, local government officials desperate for change are weighing a controversial but inventive way to fix troubled mortgages: Condemn them.


For U.S. residential construction, brutal slog shows signs of ending

By The Associated Press
Published: July 26,2012

Builders are putting up more houses than they have in nearly four years, a long-awaited recovery that could help energize the U.S. economy.


U.S. sales of previously occupied homes drop

By The Associated Press
Published: July 23,2012

Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy.


US home construction in slow but steady comeback

By The Associated Press
Published: July 19,2012

Home construction is making a long-awaited recovery that could help energize the U.S. economy. Builders are responding to interest from buyers attracted by cut-rate prices, record-low mortgage rates and rising rents, which have made a home purchase comparatively appealing.


Wells Fargo gets boost from record mortgage applications

By The Associated Press
Published: July 16,2012

Wells Fargo reported higher earnings, higher revenue and a record number of mortgage applications Friday. It’s just that nobody was paying all that much attention.


U.S. construction spending rose in May

By The Associated Press
Published: July 5,2012

A surge in homebuilding pushed U.S. construction spending up by the largest amount in five months, the latest indication that the housing sector is slowly recovering.


Housing contracts rise in May

By The Associated Press
Published: July 2,2012

Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue.


U.S. housing reports point to slow, steady recovery

By The Associated Press
Published: June 28,2012

Americans are finally gaining confidence in the housing market five years after it collapsed. Sales of new and previously occupied homes are up from the same time last year. Home prices are rising in most markets. And homebuilders are starting more projects.