Real estate

U.S. 04/02/21, 12:55

A $1.6 billion luxury resort community in Missouri was a dream that had everything—except people. A video of the subdivision of abandoned expensive mansions has gone viral, as social media viewers let their imaginations run wild.    See it for yourself in the video as TikTok user @carriejernigan1  filmed a scene of a spine-tingling 900-acre ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...