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.
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.
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.
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.
Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy.
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 reported higher earnings, higher revenue and a record number of mortgage applications Friday. It’s just that nobody was paying all that much attention.
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.
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.
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.