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Tag Archives: housing

Gary S. Williams: Do homework to see if paying off mortgage makes sense

As Americans become more conscious about the damage debt can do to their finances, there’s always a question of whether it makes sense to pay down first mortgages and home equity lines so more money can be directed to retirement ...

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Construction spending up for third straight month

WASHINGTON — Construction spending rose for a third straight month in November, helped by another increase in housing and a record level for spending on federal building projects. The Commerce Department says construction spending increased 0.4 percent in November following ...

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Mortgage rates edge down after 5 weeks of gains

NEW YORK — Rates on fixed mortgages dipped after rising for five weeks in a row. Still, they remain more than a half-point higher than last month and are at the highest level since late spring. Freddie Mac said Thursday ...

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Task force to study incentives to developers

How and why the city grants economic development incentives to private developers is the focus of a newly formed City Hall task force that will include developers, attorneys and business representatives. The Task Force on Baltimore City Public/Private Development Financing ...

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Homebuilders pessimistic about housing market

LOS ANGELES — Builders are feeling pessimistic over the housing market’s prospects in the near future. The National Association of Home Builders, a private trade association, says its reading of builder sentiment remained unchanged in December at 16. Readings below ...

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Number of underwater borrowers falls but remains high

The number of homeowners who owe more than their houses are worth fell for the third straight quarter this summer. About 10.8 million households, or 22.5 percent of all mortgaged homes, were underwater in the July-September quarter, housing data firm ...

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