WASHINGTON – Construction spending in the U.S. jumped in November as builders spent more on single-family homes, apartments and remodeling projects.
DETROIT – A published report says more Detroit homeowners and landlords are escaping property tax debts by rebuying their foreclosed properties at auction.
AUSTIN, Texas – A Lakeway man accused of participating in a scam that collected $1.6 million and caused the delay of more than 1,100 foreclosures has agreed to plead guilty to the charges.
From the freeway, it looks like just another patch of woods ripe for new housing development once the economy revives.
From the air, the forested stretch along I-405 reveals itself as part of a green ribbon buffering an active salmon creek. The appearance of a "sold" sign in mid-December marked a 35-acre patch of western red cedar, western hemlock and Douglas fir as property of the city of Bothell.
When Gaybbrell Shereise Cofield pleaded guilty last year to selling crack cocaine, he agreed to let the government take his grandmother's home as well as property that has been in the family for generations.
A family from Suriname was the first of a string of guests to arrive at Steve Chase's million-dollar South Florida home expecting a vacation — only, Chase didn't invite any of them.
U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh on the broader economy in 2012.
The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker than previously thought.