Real Estate

Pending home sales tumble in November
Business

Pending home sales tumble in November

January 1, 2017

Rising mortgage rates may be hampering new home sales, with the National Association of Realtors reporting that fewer Americans signed contracts to buy homes in November.Alan Diaz/Associated Press The National…

Mortgage rates wander  higher
Business

Mortgage rates wander higher

January 1, 2017

After jumping 14 basis points – a basis point is 0.01 percentage point – the week before, the 30-year fixed rate, the most popular mortgage product, had a more modest…

Mortgage rates move higher
Business

Mortgage rates move higher

December 18, 2016

Home loan rates are loosely tied to long-term bond yields, which have been on an upward march. The yield on a 10-year Treasury note climbed to 2.54 percent Wednesday, the…

New home construction dips after surging in October
Business

New home construction dips after surging in October

December 18, 2016

Housing starts fell 18.7 percent last month to a seasonally adjusted 1.09 million, the Commerce Department said Friday. The decline likely reflected a natural regression after home construction soared 27…

Homebuilder confidence at highest level since 2005
Business

Homebuilder confidence at highest level since 2005

December 16, 2016

Construction continues on new homes in Canonsburg, Pa.Gene J. Puskar/Associated Press The National Association of Home Builders/Wells Fargo builder sentiment index jumped seven points to 70. The last time the…

When cold weather moves in, so do uninvited guests
Business

When cold weather moves in, so do uninvited guests

December 10, 2016

“Rodents like to move in year-round, though we typically see more calls in the fall,” said Dwayne Howell, owner of General Pest Services and a 40-year veteran of the business.…

So, what’s cooking in the kitchen?
Business

So, what’s cooking in the kitchen?

December 9, 2016

“The kitchen is the heart of the home,” Yip says, and people see it as good place to spend money and recoup their investment when they sell their home. What’s…

Bureaucracy can impact home prices
Business

Bureaucracy can impact home prices

December 4, 2016

A new analysis suggests that bureaucracy may play a larger role than thought in driving up housing costs in some large metro areas. The analysis by Trulia chief economist Ralph…

U.S. home prices surpass pre-recession peak
Business

U.S. home prices surpass pre-recession peak

December 4, 2016

A sold sign is displayed in the yard of a newly built home in the Briar Chapel community in Chapel Hill, N.C.Gerry Broome/Associated Press file The Standard & Poor’s CoreLogic…

US construction spending up 0.5 percent in October
Business

US construction spending up 0.5 percent in October

December 1, 2016

A dump truck drives past the construction site of a high-rise building in Boston.Steven Senne/Associated Press Construction spending rose 0.5 percent in October following no change in September, the Commerce…

Sales of new homes slipped in October
Business

Sales of new homes slipped in October

November 27, 2016

A “Sold” sign sits in front of a house under the final stages of construction in Plano, Texas.LM Otero/Associated Press file The Commerce Department said Wednesday that new-home sales fell…

Walkable, rideable neighborhoods are here to stay
On Real Estate

Walkable, rideable neighborhoods are here to stay

November 27, 2016

It is elementary, my friends. The convenience of shopping, restaurants, art and music activities, river trails and open space are opportunities for everyone to appreciate. Most of the conversation today…

Chinese on worldwide buying spree
Business

Chinese on worldwide buying spree

November 27, 2016

But here at the city’s biggest international property fair – a frenetic gathering of brokers, developers and other real estate professionals all jockeying for the attention of Chinese buyers –…

Looking for edgy decor? Try new traditional
Business

Looking for edgy decor? Try new traditional

November 19, 2016

But there’s been a revamp, and what’s now being called “new traditional” is a fresher, freer look that honors the classics. The style blends traditional architectural and decorative elements with…

Higher mortgage rates rocking housing market
Business

Higher mortgage rates rocking housing market

November 19, 2016

Home builders may have to better manage building costs to attract home buyers who could be facing higher mortgage costs if rates go up in response to Donald Trump’s election…

Home builders confident about sales
Business

Home builders confident about sales

November 18, 2016

Construction worker David Rager frames a window in the upper floor of a two-story custom home being built in Orlando, Fla.Phelan M. Ebenhack/Associated Press file The National Association of Home…

US home construction jumps by largest amount in 34 years
Business

US home construction jumps by largest amount in 34 years

November 17, 2016

A builder works on a new apartment building under construction in Phoenix.Ross D. Franklin/Associated Press Home construction soared 25.5 percent to a seasonally adjusted 1.3 million in October, the Commerce…