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An index that tracks signed contracts to purchase existing homes rebounded in December, as buyers snapped up properties at deep discounts, especially in the South and Midwest.

An index that tracks signed contracts to purchase existing homes rebounded in December, as buyers snapped up properties at deep discounts, especially in the U.S. South and Midwest.

Without a deal in place to sell the Tropicana Casino and Resort to a Baltimore company, the state trustee overseeing the gambling hall said Monday that he will ask for permission to sell it at a bankruptcy court auction.

Construction spending fell for a third straight month in December, closing out a year in which building activity dropped by a record amount as housing continued to plunge. And economists don't expect a quick turnaround amid a severe recession and the ongoing financial crisis.

The glass-block windows in Susan Evans

Mortgage finance company Freddie Mac said it will allow some borrowers to rent out their homes after losing them to foreclosure.

We just got a copy of a report about real estate investment trusts in our inbox from Advantus Capital Management titled “Follow the Debt: Public debt markets could predict REITs’ direction,” which predicted, frighteningly, “a staggering amount of real estate ...

Tagged with: finance

Just days before the deadline for bids on five state slot machine gambling sites, developers are keeping mum about whether they are submitting proposals, but the hefty upfront fees that must accompany the proposals could deter them.

Thousands of Pennsylvania homeowners are in line to benefit from a $150 million settlement between the state and Countrywide Financial Corp.

David Cordish, chairman of the Cordish Cos., told The Washington Post on Monday that the company bid on a slot machine gambling site in Anne Arundel County.