Home buying

Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)
September 23, 2020 - 12:55 pm
WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in...
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FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday, Aug. 25, that July’s gain propelled sales of new homes to a seasonally-adjusted annual rate of 901,000. (AP Photo/Elaine Thompson, File)
September 22, 2020 - 1:07 pm
SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak. The National Association of Realtors said Tuesday that sales rose to a seasonally...
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FILE - In this June 22, 2016 file photo, a waitress serves customers beer at a restaurant in Dubai, United Arab Emirates. In mid-September 2020, Abu Dhabi, the conservative capital of the United Arab Emirates, eliminated its licensing system for alcohol purchases allowing Muslims previously barred from obtaining licenses to be able to purchase from retailers. (AP Photo/Kamran Jebreili, File)
September 21, 2020 - 8:09 am
DUBAI, United Arab Emirates (AP) — Abu Dhabi, the conservative capital of the United Arab Emirates, is eliminating its licensing system for alcohol purchases for drinkers after Dubai repeatedly loosened its own rules to boost sales and tourism amid the ongoing coronavirus pandemic. The emirate's...
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Democratic presidential candidate and former Vice President Joe Biden speaks about climate change and wildfires affecting western states, Monday, Sept. 14, 2020, in Wilmington, Del. (AP Photo/Patrick Semansky)
September 14, 2020 - 8:33 pm
WASHINGTON (AP) — The Latest on the U.S. presidential campaign (all times local): 8:20 p.m. Democratic presidential nominee Joe Biden is promising to “restore dignity for everyone, especially the poor” if he defeats President Donald Trump in November. Biden made his pledge Monday to an online...
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HFM*A photograph of Army veteran Damian Daniels is displayed before mourners during his funeral at Alabama National Cemetery in Montevallo, Ala., on Friday, Sept. 11, 2020. Daniels, an Alabama native who served in Afghanistan, was fatally shot by a sheriff's deputy at his home in San Antonio, Texas, last month. Relatives say he was troubled mentally. (AP Photo/Jay Reeves)
September 11, 2020 - 4:00 pm
MONTEVALLO, Ala. (AP) — His Army stint complete after serving in Afghanistan, Damian Daniels left Alabama to begin a new life in Texas. He bought a house, enrolled in college and supported the Black Lives Matter movement. Black himself, Daniels was working to start a new business when paranoid...
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FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)
September 10, 2020 - 11:36 am
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan...
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FILE - This Monday, April 27, 2020, file photo shows a sale pending sign on a home in Mount Lebanon, Pa. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Gene J. Puskar, File)
August 21, 2020 - 2:24 pm
SILVER SPRING, Md. (AP) — Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%. The July surge in sales reported Friday by the National Association of Realtors marked the...
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FILE - In this Friday, May 22, 2020, file photo, a sold sign sits in front of a house in Brighton, N.Y. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Ted Shaffrey, File)
August 14, 2020 - 3:07 am
NEW YORK (AP) — A renter most of his adult life, Clarence Swann became fearful that landlords would use the coronavirus pandemic as an excuse to gouge their tenants. So, with a desire to move near family, the retired veteran bought his first home last month at the age of 74. Swann said he used his...
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This undated photo shows Stewy Carlo during his Army service days during the Vietnam War. Carlo died in a car accident in 1975, but his family will apply for an allotment of 160 acres of government-owned land in Alaska under a new program that will allow Alaska Native Vietnam veterans or their heirs to apply for land that they might have missed out on in earlier programs because of their service. (Photo provided by Seeyaa Charpentier via AP)
August 08, 2020 - 11:16 am
ANCHORAGE, Alaska (AP) — Stewy Carlo had a short life, but he lived every moment. While serving in the Army, he bought a 1951 Mercedes and motored around Europe. After his service years, he roamed South America where he developed a love of photography, and then later turned heads while driving an...
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August 06, 2020 - 11:29 am
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this year. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan dropped to 2.88% from 2.99% last week. It was the...
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