WASHINGTON Sales of new homes in the United States rose 3.6% in July to match a two-year high reached in May, the latest sign of a steady recovery in the housing market.
Finance Minister Jim Flaherty outlined new rules aimed at reining in a hot housing market Thursday and ensuring Canadians aren't taking on more debt than they can afford.
How Ottawa plans to make mortgages more expensive and drive down housing prices’without hiking interest rates.
Foreclosure activity plummeted in March across the Coachella Valley, continuing a nearly year-long trend and raising hopes about the trajectory of the local housing market.
The 50th Spring Parade of Homes kicks off this weekend, and while home building activity is improving, it’s leaden compared with the golden years, when more than 10,000 homes were built each year in much of the last decade.
The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market. (5 mins ago)
Dana Point, Laguna Beach, San Clemente, San Juan Capistrano all see speedier expected market time for home sales. (3 mins ago)
Are first-time buyers doomed to be locked out of the housing-market recovery? With prices rising in all regions, according to Hometrack, and the UK now out of recession, many homeowners believe that they have made it through the worst. (11 mins ago)
Skeptics worry moves could hurt fragile housing market, unfairly affect minority borrowers Homebuyers will have to dig deeper into their pockets next year if they want a mortgage backed by the Federal Housing Administration. (3 mins ago)
Housing sales are down, carpenters are out of work, and real-estate agents are surviving on dollar menus, right? (22 mins ago)