NEW YORK (CNNMoney.com) -- New home sales rebounded in June from the record low hit the previous month but remained sluggish.
New home sales increased 23.6% to a seasonally adjusted annual rate of 330,000 last month, up from an downwardly revised 267,000 in May, the Commerce Department reported Monday. Sales year-over-year fell 16.7%.
182
0diggsdigg
Email
Print
Comment
The ...
Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of REALTORS®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.Existing-home sales, which are completed transactions that include single-family, ...
For what the typical family wastes every year on air leaks—about $350—you can plug energy-robbing gaps, start saving money, and enjoy a more comfortable home.
A typical family spends about a third of its annual heating and cooling budget—roughly $350—on air that leaks into or out of the house through unintended gaps and cracks. With the money you waste in just one year, you ...
Getting the lead out of your home may be tough to do, according to the National Association of Home Builders (NAHB). We've known for a long while now that lead paint is hazardous to our health. Lead paint can be very dangerous to children if they inhale or ingest it. It can cause damage to their brains and nervous systems. However, removing it may be difficult.
The NAHB says that a shortage of Environmental ...
Homebuyers still have time to buy a home and meet the deadlines, but they will need to act soon and be proactive throughout the transaction.
The homebuyer tax credit is worth 10 percent of the home's sale price, up to $8,000 for buyers who haven't owned a home in the previous three years and up to $6,500 for buyers who have owned and occupied a principal residence for at least five consecutive years ...
RISMEDIA, February 18, 2010—(MCT)—Experts fear a new wave of foreclosures will hit this year as prolonged unemployment makes it difficult for millions of homeowners to pay their mortgages—and many of them aren’t likely to get much help from a federal program aimed at keeping them in their houses.
Banks participating in the Home Affordable Mortgage Program, announced a year ...
Lots of signs point to a recovery in the construction industry. With help from a federal tax break, both Lennar Corp. and KB Home posted fourth-quarter profits – the first time since 2007 that either has been in the black.KB Home CEO Jeffrey Mezger said in a statement: "There are indications that housing market conditions may be stabilizing in some regions, reflecting, among other things, relatively ...
A recent report from the Pew Research Center found that older adults feel younger out west. Fully 78% of adults ages 65 and older who live in the West say they don’t feel old, compared with 67% of older adults who live in the rest of the country. Not that we’re tooting our own horn out here, but we're not surprised by the numbers.If you are debating where your next move will be, take ...
With the $8,000 homebuyer tax credit due to expire in little more than a month, the Congress is looking into the possibility of extending it for another six months and perhaps even expanding the program's reach.
On Tuesday the Senate Banking Committee held a hearing on the State of the Nation's Housing Market. Committee Chairman Chris Dodd (D-CT) called for an extension of the homebuyer tax ...
NEW YORK (CNNMoney.com) -- National home prices may be on the road to recovery.
After three years of declines, home prices increased 2.9% in the three months ended June 30, according to the latest S&P/Case-Shiller report. That is the first quarter-over-quarter improvement in three years.
Prices in the national index are down 14.9% compared with the second quarter of 2008, the report said. ...
