07/29/14 10:00 AM
WASHINGTON (AP) — U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season. The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 9.3 percent in May from 12 months earlier. That's...
By Joseph Lawler | 07/28/14 07:02 PM
The median American household saw its wealth decline by more than one-third in the past decade, according to a new estimate published by the Russell Sage Foundation.
By Associated Press | 07/28/14 08:14 AM
The number of reports of multiple deficiencies in New York City's public housing units nearly doubled between 2008 and 2011 from 19 percent to 11 percent.
By Joseph Lawler | 07/24/14 12:41 PM
Those expecting the housing market to adjust to last year's steep increase in mortgage rates and resume recovering from the mortgage crisis will have to wait longer for clarity.
07/22/14 10:15 AM
WASHINGTON (AP) — US home sales increase 2.6 percent to 5.04 million, fastest pace in 8 months.
By Joseph Lawler | 07/21/14 08:17 AM
Federal Reserve Chairwoman Janet Yellen isn't sure what's gone wrong with the U.S. housing comeback. “I have to say that I'm somewhat surprised,” Yellen said of the weakness of the housing market in a hearing in the House last week. “Frankly, it continues to be sluggish. And I can't give...
By Joseph Lawler | 07/17/14 03:47 PM
By defining the center of economic opinion on a range of topics from mortgages to health care, Mark Zandi has made himself a valuable authority. The leaders of both parties love to cite him -- when his analysis helps their cause.
07/17/14 11:45 AM
WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30-year loan dipped to 4.13 percent, down from 4.15 percent last week. The average for the...
07/17/14 09:30 AM
WASHINGTON (AP) — U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year. Construction fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000 homes, the...
07/16/14 10:15 AM
WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales. They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia, the online real...
By Joel Kotkin and Michael Shires | 07/14/14 03:15 PM
When we think about American finance, the default Image is of a pinstriped banker on Wall Street. But increasingly, the financial services sector, which employs eight million people, is shifting away from the traditional bastions of money.
By Kelly Cohen | 07/13/14 01:32 PM
A $353 million effort to help federal officials better manage public housing assistance instead "created further opportunity for fraud, waste, and abuse of taxpayer dollars," according to a government watchdog. Created in 2007, the Department of Housing and Urban Development's Public Housing...
07/09/14 01:46 PM
WASHINGTON (AP) — The Senate easily confirmed San Antonio Mayor Julian Castro on Wednesday to head the Department of Housing and Urban Development, boosting the national profile of a Democrat with a compelling biography who's considered a vice presidential contender in 2016. The 71-26 vote...
By Becket Adams | 07/07/14 05:17 PM
The nation's wealthiest ZIP codes are concentrated mostly on the coasts, with California and New England playing host to some serious cash, according to a new report from the Atlantic's CityLab.
By Brian Hughes | 07/02/14 12:11 PM
Julian Castro has both a blessing and a curse: He's President Obama's pick to be secretary of Housing and Urban Development, but most people are focused on what job he'll take after HUD.
By Philip Klein | 07/28/14
By Paul Bedard | 07/28/14
By Charles Hoskinson | 07/28/14
By David M. Drucker | 07/28/14
By Mark Tapscott | 07/28/14