Real estate

Vueling Airlines planes sit parked in a line at the Seville, Spain airport on Saturday, March 21, 2020, idled due to the COVID-19 coronavirus outbreak. (AP Photo/Miguel Morenatti)
March 23, 2020 - 3:38 pm
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Following are business developments Monday related to the outbreak as governments attempt to stabilize their economies, companies struggle to cope and millions of people...
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FILE - This Dec. 5, 2019, photo shows the Detroit skyline. Detroit Charter Commission Vice Chair Nicole Small said the city, with one of the nation’s largest African American-majorities, has been hit particularly hard by foreclosures since the height of the mortgage crisis in 2008. Small said homeowners need relief beyond what’s being offered in the midst of the coronavirus pandemic. (AP Photo/Carlos Osorio, File)
March 20, 2020 - 2:40 pm
NEW YORK (AP) — On the day after the coronavirus outbreak was declared a global pandemic, Joe Ferguson was given a batch of court-ordered evictions to carry out in his job as constable in Tucson, Arizona. He knocked on doors in the majority Hispanic community of South Tucson, told residents to...
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FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, March 12, 2020, U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. (AP Photo/Steve Helber, File)
March 19, 2020 - 1:06 pm
WASHINGTON (AP) — U.S. long-term mortgage rates climbed this week in a whip-sawing market amid deepening anxiety over devastation to the economy from the coronavirus pandemic. Home loan rates had hit all-time lows two weeks ago. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
March 15, 2020 - 6:56 pm
WASHINGTON (AP) — The Federal Reserve took emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its concern that the...
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March 12, 2020 - 10:43 am
WASHINGTON (AP) — U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. The average rate on the benchmark 30-year loan rose to 3.36% from 3.29% last week — which was the lowest level...
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March 11, 2020 - 3:37 pm
WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors fear that businesses that have...
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FILE - In this May 9, 2008, file photo, male sage grouses fight for the attention of females southwest of Rawlins, Wyo. A federal judge has cancelled more than $125 million worth of oil and gas leases that were sold on public lands inhabited by the declining bird species greater sage grouse. The ruling Thursday, Feb. 27, 2020, said the Trump administration illegally curtailed public comment on the sales. (Jerret Raffety/The Rawlins Daily Times via AP, File)
February 28, 2020 - 1:47 pm
BOISE, Idaho (AP) — A federal judge has cancelled more than $125 million in oil and gas leases on public lands that are home to the declining bird species greater sage grouse, in a ruling that said the Trump administration illegally curtailed public comment. The ruling doesn't stop drilling already...
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February 21, 2020 - 10:03 am
WASHINGTON (AP) — U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases from a year ago. The National Association of Realtors said Friday that sales of existing homes slipped last month to a seasonally adjusted annual rate of 5...
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FILE - In this Sept. 3, 2019, file photo a for sale sign, left, rests in front of a newly constructed home, in Norwood, Mass. On Wednesday, Feb. 19, 2020, the Commerce Department reports on U.S. home construction in January. (AP Photo/Steven Senne, File)
February 19, 2020 - 11:56 am
WASHINGTON (AP) — Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years. The Commerce Department reported Wednesday that builders started construction on 1.57 million homes at a seasonally adjusted annual...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 14, 2020 - 10:59 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
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