BLM co-founder spends million dollars on real-estate, bought 4 houses since 2016

U.S. 04/12/21, 05:23

As her activist profile rose and demonstrations erupted throughout the U.S., Patrisse Khan-Cullors, one of the Black Lives Matter movement co-founders and an "educated Marxist," is said to have purchased four homes over the last few years. According to a report, the self-described Marxist bought a $1.4 million home on a secluded road near ...

Young homebuyers scramble as prices rise faster than incomes

U.S. 05/25/19, 02:25

For millennials looking to buy their first home, the hunt feels like a race against the clock.In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of real estate industry ...

Number of US homes on the market rose in 1Q as sales slowed

Business 05/23/19, 14:46

Homebuyers in Salt Lake City, Atlanta and other big U.S. metropolitan areas are seeing a pickup in the number of homes for sale, especially in the most affordable segment of the market.In Atlanta, for example, the number of homes for sale jumped 18.9% to 33,836 in the first quarter. That's ...

US new-home sales rose 3.7 percent in December

Business 03/05/19, 10:19

Sales of new U.S. homes climbed in December to their highest pace in seven months, a sign that lower mortgage rates are helping the real estate market.The Commerce Department said Tuesday that new-home sales rose 3.7 percent in December to a seasonally adjusted annual rate of 621,000. November's sales were ...

US pending home sales rebounded 4.6 percent in January

Business 02/27/19, 10:02

More Americans signed contracts to buy homes in January as lower mortgage rates appeared to give the real estate market a boost.The National Association of Realtors says its pending home sales index rose 4.6 percent last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen ...

US home prices rise at slower pace for 9th straight month

Business 02/26/19, 09:29

US home price gains slowed for the ninth straight month in December, reflecting weaker sales and higher mortgage rates that have since declined.The S&P CoreLogic Case-Shiller 20-city home price index increased 4.2 percent from a year earlier, down from 4.6 percent in November, according to a report released Tuesday.Home sales ...

Home Depot sales cool along with real estate market

Business 02/26/19, 06:40

Home Depot's fourth-quarter profit is short of expectations with rising real estate prices cooling home sales.Shares fell 2.6 percent Tuesday before the opening bell.The home improvement retailer earned $2.34 billion, or $2.09 per share, far short of the per-share earnings of $2.22 Wall Street was looking for, according to a ...

US home sales tumbled 1.2 percent in January

Business 02/21/19, 10:01

U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate market.The National Association of Realtors says that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate ...

Analysis: Falling home sales not helping middle-class buyers

U.S. 01/23/19, 11:24

When home sales weaken, prices typically do, too, and buyers benefit.Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable.Why? Mortgage rates are up after years near ...

Analysis: Falling home sales not helping middle-class buyers

Business 01/23/19, 03:17

When home sales weaken, prices typically do, too, and buyers benefit.Not quite this time. Home purchases in many areas of the country have dipped, and price gains have slowed. Yet a rising number of middle-class Americans are finding that home ownership is unaffordable.Why? Mortgage rates are up after years near ...

US home price growth slowed in October

Business 12/26/18, 10:17

U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall.The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a year earlier, down from an annual gain of 5.2 percent in September, according to a Wednesday ...

US home sales rose 1.9 percent in November

Business 12/19/18, 11:08

U.S. home sales increased in November for the second straight month, but sales plummeted 7 percent from a year ago amid growing affordability pressures.The National Association of Realtors said Wednesday that sales of existing homes rose 1.9 percent to a seasonally adjusted annual rate of 5.32 million last month. But ...

Suddenly, a pair of quiet real estate markets are white-hot

Business 11/14/18, 14:46

Amazon has just sparked a real estate frenzy to rival Cyber Monday.A three-bedroom condo with Manhattan views that had sat on the market for months, priced at $1.7 million, is suddenly drawing would-be buyers now that Amazon has announced plans to build part of its new second headquarters in Long ...

US new-home sales slump for 4th straight month

Business 10/24/18, 10:27

Sales of new U.S. homes plunged 5.5 percent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising.The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 553,000 last month. New-home sales in August were downwardly revised, ...

How big developers like Trump benefit from web of tax breaks

Business 10/04/18, 15:59

Big real estate developers like Donald Trump have long benefited from a myriad of legal loopholes and breaks that can shrink their tax bills. Their advantages expanded further with the federal tax overhaul that took effect this year.Even before the new tax law, the U.S. tax code provided loopholes and ...

US home sales were flat in August

Business 09/20/18, 10:15

U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate market.The National Association of Realtors said Thursday that homes sold last ...

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