WASHINGTON — A burst of U.S. hiring in November — the most in nearly three years — added 321,000 jobs and provided the latest evidence that the United States is outperforming other economies throughout the developed world. In addition, the ...Read More »
CLEMSON, S.C. — Students and professors at Clemson University have designed a home where they say a family of four can live comfortably in the South using local materials and having almost no impact on the environment. The home is ...Read More »
WASHINGTON — Average U.S. long-term mortgage rates fell for the fourth straight week, a continuing boon for potential homebuyers. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage declined to 3.89 percent this week from 3.97 ...
Tagged with: average U.S. long-term mortgage ratesRead More »
WASHINGTON — Newly built homes and schools boosted U.S. construction spending in October to the highest level since May. The Commerce Department said Tuesday that construction spending rose 1.1 percent in October, after having slipped 0.1 percent in September. Fueling ...Read More »
NEW YORK — The Blackstone Group has cancelled an initial public offering for IndCor Properties and will instead sell the industrial real estate company to Singapore’s sovereign wealth fund for $8.1 billion. IndCor owns a portfolio of industrial properties in ...Read More »
ST. LOUIS — The Chicago area’s Cook County has filed a lawsuit against Wells Fargo & Co., accusing the nation’s biggest mortgage lender of subjecting minority and female borrowers to discriminatory and predatory lending practices that may involve hundreds of ...Read More »
WASHINGTON – Sales of new U.S. homes edged up modestly in October, led by a big jump in activity in the Midwest. New home sales advanced 0.7 percent last month to a seasonally adjusted annual rate of 458,000, the Commerce ...Read More »
WASHINGTON — Charlotte was one of only two cities in the Standard & Poor’s Case/Shiller 20-city home price index to report larger annual home price gains in September than in August. U.S. home prices rose in September at the slowest ...
Tagged with: Standard & Poor's Case Shiller price indexRead More »
ORLANDO, Fla. — A real estate research firm says Orlando tops metro areas in the number of zip codes with affordable housing near good elementary schools. RealtyTrac says Orlando had nine zip codes with affordable housing and good schools. The ...Read More »
WASHINGTON — Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector. Builders started construction at a seasonally adjusted annual rate of 1.009 ...Read More »