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Tag Archives: housing market

Rate on 30-year mortgage falls to record 3.87 percent

WASHINGTON — The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed. Mortgage ...

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New-home purchases fall, 2011 worst ever for sales

WASHINGTON — Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month ...

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Home sales up at end of dismal year, offering hope

WASHINGTON — Home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled U.S. housing market improved at the end of last year. Analysts cautioned that sales remain historically low ...

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Buyer interest leaves homebuilders less gloomy

WASHINGTON — U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year. The National Association of Home Builders/Wells Fargo builder sentiment index ...

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U.S. job market ends year in better shape

WASHINGTON (AP) — The long-suffering job market is ending the year better off than it began. The number of people applying for unemployment benefits each week has dropped by 10 percent since January. The unemployment rate, 8.6 percent in November, ...

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Contract signings for U.S. homes up in November

WASHINGTON — The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half. The best reading on pending homes sales since a federal home-buying tax credit expired appeared ...

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Survey: Home prices down in most major U.S. cities

WASHINGTON — U.S. home prices fell in most major cities for the second straight month, further evidence that the housing recovery will be bumpy and weigh on the broader economy in 2012. The Standard & Poor’s/Case-Shiller index released Tuesday showed ...

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New-home sales up in November but 2011 figures dismal

WASHINGTON — Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual ...

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Housing starts and permits surge; levels still low

WASHINGTON — A surge in apartment construction gave home builders more work in November. And permits, a gauge of future construction, rose largely because of a jump in apartment permits. Some analysts say the gains, though coming off extremely low ...

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