WASHINGTON — First-time homebuyers whose home loans are guaranteed by the Federal Housing Administration would benefit from an Obama administration move to lower mortgage insurance premiums. Under the plan, the housing administration will reduce annual mortgage insurance premiums by 0.5 ...Read More »
WASHINGTON — President Barack Obama has selected the former head of a community bank in Hawaii to fill a vacancy on the Federal Reserve Board. The White House said Tuesday that Obama will nominate Allan R. Landon, the former chief ...Read More »
WASHINGTON — A sharp slowdown in government-built schools and infrastructure caused U.S. construction spending to fall slightly in November. The Commerce Department said Friday that construction spending slipped 0.3 percent in November, after having climbed an upwardly revised 1.2 percent ...Read More »
WASHINGTON — U.S. factory activity grew at the slowest pace in six months in December, weakened by declines in orders and production. Yet growth was still healthy, a sign manufacturing may help drive the economy’s expansion in 2015 as it ...Read More »
NASHVILLE, Tenn. — Internet websites like Airbnb are making it easy and lucrative for homeowners to rent out their properties to vacationers for a few nights at a time. But that has left cities across the state struggling with how ...
Tagged with: regulating single-family short term rentalsRead More »
WASHINGTON — The number of Americans signing contracts to buy homes rose modestly in November as a strengthening economy helped nudge some would-be homebuyers. The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index climbed ...Read More »
WASHINGTON — U.S. home prices rose in October at a slightly slower pace, as real estate sales have fallen and affordability has increasingly become a challenge for potential buyers. The Standard & Poor’s/Case-Shiller 20-city home price index increased 4.5 percent ...Read More »
NEW YORK — This year showed how sheltered the U.S. economy is from geopolitical and health crises around the world. The global economy sputtered, but the U.S. powered ahead. Employers are finally hiring enough to lower unemployment. A plunge in ...
Tagged with: top business stories of 2014Read More »