Home buying

October 25, 2018 - 10:00 am
WASHINGTON (AP) — Pending home sales rose slightly in September, but contract signings are depressed from a year ago as affordability has become a greater challenge for would-be buyers. The National Association of Realtors says that its pending home sales index increased 0.5 percent last month to...
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FILE- In this July 23, 2018, file photo construction workers put down roofing paper on home in Houston. General contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales. That's the prediction of Harvard University's Joint Center for Housing Studies, which last week issued its quarterly report on home remodeling. (AP Photo/David J. Phillip, File)
October 22, 2018 - 11:21 am
NEW YORK (AP) — General contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales. That's the prediction of Harvard University's Joint Center for Housing Studies, which last week issued its...
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Annette Gray, left, from Valley Stream, N.Y., buys lottery tickets Friday Oct. 19, 2018, in New York. The estimated jackpot for Friday's Mega Millions drawing has soared to $1 billion. Gray said it's about "a dollar and a dream, but I spent ten today". (AP Photo/Bebeto Matthews)
October 22, 2018 - 10:31 am
CHICAGO (AP) — With the Mega Millions lottery jackpot at a record $1.6 billion, people are snapping up tickets across the U.S. The Powerball jackpot also has climbed. It's up to an estimated $620 million for Wednesday's drawing. That would make it the fifth-largest jackpot in U.S. history. But much...
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In this Tuesday, Sept. 4, 2018, photo, sprinklers run as a farmworker walks through a broccoli field in Salinas, Calif. Like many California cities, Salinas, dubbed the "Salad Bowl of the World" because the surrounding farmland produces most of the lettuce on Earth, suffers from a lack of available affordable housing and space to build more. Housing prices have exploded, with the median cost of a home now $549,000, according to Zillow. (AP Photo/Jae C. Hong)
October 18, 2018 - 12:37 pm
SALINAS, Calif. (AP) — Middle-school English teacher Maryam Powers doesn't take vacations. To earn additional money, she picks up an extra period of teaching when she can and mentors new hires. But to afford the mortgage on a $330,000 three-bedroom home she purchased in Salinas in 2015, Powers...
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In this Sept. 21, 2018 photo shows a sign for a home for sale in Jackson, Miss. On Thursday, Oct. 18, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Rogelio V. Solis)
October 18, 2018 - 12:36 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates. Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer...
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October 10, 2018 - 9:39 am
LONDON (AP) — A woman from Azerbaijan who spent 16 million pounds ($21 million) at luxury London department store Harrods over the course of a decade has become the first target of a British power to seize money from people suspected of getting their wealth through corruption. A court has ordered...
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FILE- In this June 27, 2018, file photo, a for sale sign is seen in front of a home for sale in Waukee, Iowa. On Thursday, Sept. 26, The Commerce Department reports on sales of new homes in August. (AP Photo/Charlie Neibergall, File)
September 26, 2018 - 10:20 am
WASHINGTON (AP) — Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets. The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 629,000 last month...
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September 25, 2018 - 7:23 am
NEW YORK (AP) — Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than $2 billion (1.83 billion euros), continuing its hard charge into the world of high-end fashion. The deal announced Tuesday follows the New York handbag maker's $1.35 billion acquisition last...
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In this Aug. 21, 2018 photo, a home is under agreement in Stoneham, Mass. On Wednesday, Aug. 29, the National Association of Realtors releases its July report on pending home sales, which are seen as a barometer of future purchases. (AP Photo/Elise Amendola)
August 29, 2018 - 10:01 am
WASHINGTON (AP) — Fewer Americans signed contracts in July to buy homes in July compared to the previous month, as real estate sales are slipping even though economic growth is solid. The National Association of Realtors says that its pending home sales index fell 0.7 percent last month to 106.2...
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FILE- In this June 8, 2018, file photo a for sale sign stands in front of a house, in Jenkintown, Pa. On Tuesday, Aug. 28, the Standard & Poor's/Case-Shiller 20-city home price index for June is released. (AP Photo/Matt Rourke, File)
August 28, 2018 - 9:21 am
WASHINGTON (AP) — U.S home prices climbed 6.3 percent in June from a year earlier, as affordability is becoming a greater obstacle for would-be buyers. The S&P CoreLogic Case-Shiller 20-city home price index rose at a slightly slower pace than the 6.5 percent annual gain in May from a year...
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