Feb 26, 2013 11:18am

US Home Prices Show First Yearly Gain Since 2006

U.S.  home prices in 2012 saw the first yearly gain since 2006, when the housing bubble was just beginning to burst, according to the Case-Shiller home price index. Home prices in major cities across the country rose 7.3 percent in 2012.  Of the 20 cities… Read More »

Feb 20, 2013 9:43am

Home Construction Falls 8.5 Percent

Housing starts fell 8.5 percent in January, a surprising drop after they jumped 15.7 percent during the previous month, according to the Commerce Department. Though single family home construction is at its highest level since July 2008, privately-owned housing starts last month were 8.5 percent… Read More »

Feb 13, 2013 5:10pm

Boca Mansion Squatter Releases Music Video

The Florida man who gained notoriety from claiming he had a legal right to squat in a $2.5 million home in Boca Raton has published a music video, shot against a backdrop of the mansion, days after police ejected him from the mansion. Bank of… Read More »

Feb 12, 2013 7:59am

Home Loan Delinquencies Plunge

Morning Business Memo… More signs of renewed strength for the housing market… Mortgage delinquency rates are down to their lowest level in five years. Credit reporting firm TransUnion says only 5 percent of people with home loans were at least two months behind with their… Read More »

Feb 5, 2013 9:47am

Home Prices Show Biggest Rise in 6 Years

Home prices are accelerating in most local markets. CoreLogic, a real estate data provider, says average home prices rose 8.3 percent in December compared with a year earlier, the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states. Home… Read More »

Jan 29, 2013 11:59am

Home Prices Continue Rising

Home prices rose 5.5 percent in November compared to a year ago, according to the Case Shiller index, one of the most widely watched home price gauges. It was the biggest year-over-year increase since August 2006. Areas of the country seeing the biggest comeback in… Read More »

Jan 28, 2013 6:01am

New Jersey Town Gives People Property Tax Break for Shopping

The township of Marlboro, N.J. is giving residents a break on their property taxes if they shop at local stores. “Every local elected official has to do their part to help us get out of this recession and help local businesses,” said Marlboro Mayor Jonathan… Read More »

Jan 27, 2013 6:23am

California Home May Be Second Most Expensive Property Ever Sold

The $117.5 million estate of a financier in Northern California may be the second most expensive property ever sold in the U.S., according to SF Luxe. SF Luxe reported that financier Tully Friedman, the previous owner, sold the property on Nov. 27, 2012, according to… Read More »

Jan 22, 2013 1:01pm

Shortage of New Homes for Sale, Say Realtors

The housing market is in need of new homes for sale, according to a report released today by the National Association of Realtors. It said that an appropriate balance between a rise in prices and new home construction could keep the current housing recovery on… Read More »

Jan 17, 2013 2:50pm

White House Value Rises Since Obamas Moved In

Michelle Obama has called the White House the “people’s house,” and similar to many American homes, it is seeing an increase in its value with the recovery of the housing market. Since President Barack Obama, his wife, and their daughters, Sasha and Malia, moved into… Read More »