Monday, May 29, 2017

Real Estate

This Wednesday, July 27, 2016, file photo shows a home under contract at a new home community in Edmond, Oklahoma. (AP Photo/Sue Ogrocki, File)

BY CHRISTOPHER S. RUGABER WASHINGTON (AP) — U.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2 ½ years, as a tight supply ...
This Wednesday, Dec. 7, 2016, photo shows a house for sale, in Hialeah, Fla. (AP Photo/Alan Diaz)

Increasing inventory is giving purchasing power to the buyers, the Naples Area Board of Realtors said. Sales were up in February, the organization reports, as inventories have increased and prices ...
In this Jan. 8, 2015, file photo, new homes are under construction and for sale in Charlotte, N. Carolina. (AP Photo/Chuck Burton, File)

BY CHRISTOPHER S. RUGABER and JOSH BOAK WASHINGTON (AP) — Americans responded to higher mortgage rates by snapping up new homes in February at the fastest pace since July. New-home ...
In this July 17, 1946, file photo, film actress Greta Garbo smiles on her arrival in Gothenburg, Sweden. (AP Photo/File)

NEW YORK (AP) — Film legend Greta Garbo’s former longtime apartment in New York City is up for sale for nearly $6 million. The New York Times reports that the ...
In this Monday, Feb. 27, 2017, photo, real estate signs mark the lots near one of the new homes for sale in a development for new homes in Cranberry Township, Butler County, Pa. (AP Photo/Keith Srakocic)

BY JOSH BOAK WASHINGTON (AP) — Americans retreated from buying existing homes in February, a pullback after sales in January had surged to the fastest pace in a decade. But ...
This June 4, 2015, file photo shows a sign indicating a site has been sold in a new home development in Nashville, Tennessee. (AP Photo/Mark Humphrey, File)

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week for a second straight week, posting new highs for the year. The markets were anticipating an increase in a key ...
In this Wednesday, March 1, 2017, photo, new home construction is underway in a housing plan in Zelienople, Pa. (AP Photo/Keith Srakocic)

BY JOSH BOAK WASHINGTON (AP) —€” U.S. builders broke ground on new homes at a faster pace in February, a sign that developers expect solid sales growth this year despite ...
In this Monday, Feb. 27, 2017, photo, real estate signs mark the lots near one of the new homes for sale in a development for new homes in Cranberry Township, Butler County, Pa. (AP Photo/Keith Srakocic)

BY ALEX VEIGA U.S. homebuilders are feeling more optimistic about their sales prospects than they have been since the high-flying days of the housing boom. The National Association of Home ...
In this Tuesday, June 9, 2015, file photo, a "Sold" sign is displayed in the yard of a newly-constructed home in the Briar Chapel community in Chapel Hill, N. Carolina. (AP Photo/Gerry Broome, File)

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week, marking new highs for the year. An increase in a key interest rate is expected by the Federal Reserve next ...
In this July 2, 2009, file photo, workers standby at the train station at Neverland Ranch in Los Olivos, Calif. Michael Jackson's former home has been renamed Sycamore Valley Ranch. (AP Photo/Carolyn Kaster, File)

LOS OLIVOS, Calif. (AP) — Michael Jackson’s Neverland Ranch is back on the market with an asking price of $67 million. The 2,700-acre property near Santa Barbara, California, has been ...
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