Residential real estate

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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Traffic backs up on Fremont Street and is diverted around the closed Salesforce Transit Center Wednesday, Sept. 26, 2018, in San Francisco. A second beam in San Francisco's celebrated new $2 billion transit terminal shows signs of cracking, an official said Wednesday, a day after a crack in a nearby support beam shut down the building that opened just last month. The first crack found by workers installing roof tiles Tuesday spans a beam holding up a park over the three-block-long facility and runs over a downtown street, Salesforce Transit Center executive director Mark Zabaneh said. (AP Photo/Eric Risberg)
September 27, 2018 - 2:51 am
SAN FRANCISCO (AP) — San Francisco officials struggled Wednesday to find the source of unusual cracking in support beams that shut down a just-opened, $2 billion transit center meant to serve as a bold architectural statement from a wealthy, high-tech city. The Salesforce Transit Center opened to...
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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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FILE- In this July 31, 2018, file photo, a sign shows a house sold in North Andover, Mass. On Thursday, Sept. 20, the National Association of Realtors reports on sales of existing homes in August. (AP Photo/Elise Amendola, File)
September 20, 2018 - 10:00 am
WASHINGTON (AP) — 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 says homes sold last month at...
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September 07, 2018 - 11:42 am
CHARLOTTE, N.C. (AP) — A North Carolina jury says a developer broke promises to build affordable housing on land purchased at below market value in a historically black neighborhood. The Charlotte Observer reported Thursday on the lawsuit between developer StoneHunt LLC and the Cherry Community...
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This undated photo released by the Phoenix Police Department on Saturday, Sept. 1, 2018 shows missing child Jonathan Nunez-Coronado, 5, 3'06" tall, 45 pounds, with black hair and brown eyes. An Amber Alert has been issued for Jonathan and his brother, Victor, and their father, Dimas Coronado, missing since the boys' mother and a male housemate were found fatally shot in the Phoenix home where police said the victims and boys lived. (Phoenix Police Department via AP)
September 02, 2018 - 4:22 pm
PHOENIX (AP) — A woman who was killed along with a male renter in her Phoenix home was pregnant, and the woman's estranged husband is sought on three murder charges and the possible abduction of their two sons, police said Sunday. U.S. and Mexico authorities were seeking Dimas Coronado, 47, on a...
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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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