U.S. home sales rise more than expected
WASHINGTON — Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what’s expected to be a strong spring selling...
View ArticleHome sales surge in Southern cities
MIAMI — March home sales climbed nearly 19 percent in the South as buyers scrambled to claim federal tax credits and take advantage of affordable prices. There were 160,000 sales of previously occupied...
View ArticleU.S. new home sales jump from record low
WASHINGTON — Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as better weather and government incentives boosted sales. The...
View ArticleHomebuyers take advantage of tax credits in April
WASHINGTON — Homebuyers rushed to take advantage of government incentives and record-low mortgage rates in April, giving the housing market its biggest boost in five months. But now that a homebuyer’s...
View ArticleHome prices drop 0.5 percent in March
NEW YORK — Home prices fell in March from the previous month, a sign of a weakening housing market despite historically low mortgage rates and now-expired tax credits. The Standard &...
View ArticleLawmakers consider home tax credit extension
WASHINGTON — Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. Senate Majority Leader Harry Reid, D-Nev., said today he wants...
View ArticleU.S. retail sales drop 1.2 percent in May
WASHINGTON — A big drop in May retail sales has raised new concerns about the durability of the economic recovery. Retail sales plunged 1.2 percent last month, the Commerce Department said today. It...
View ArticleReport finds significant financial challenges for homeowners
CAMBRIDGE, Mass. — A new report estimates that one in seven homeowners in the United States owes more on their mortgages than their house is worth, and many would need home prices to rebound by 25...
View ArticleDeadline extended for home tax qualifiers to finish purchase
WASHINGTON — The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. The move by Senate Majority...
View ArticleExpired tax credit, flood insurance lapse slow home sales
The residential real estate market in New Orleans continues to head into shaky territory after gradually recovering from Hurricane Katrina and mostly avoiding the broader housing market crash that hit...
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