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Business :: Real Estate

Sales of US Existing Homes Slip to a 20-Month Low

REAL ESTATE | By Christopher S. Rugaber | Wednesday Apr 23, 2014
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

Celine Dion’s beach estate.

Live Like a Diva: Celine Dion’s Water Park Mansion on the Market

REAL ESTATE | By EDGE | Apr 22
Nestled on six private acres on the Atlantic Ocean in one of the most expensive neighborhoods in the U.S., Celine Dion’s Bahamian-style 10,000-square-foot home and private beach is on the market.

Average US 30-Year Mortgage Rate Falls to 4.27 Pct

REAL ESTATE | Apr 21
Average US rates on fixed mortgages fell la week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent the previous week.

Roofers installing a roof on a new construction home in Pepper Pike, Ohio.

US Home Building Up in March After Frigid Winter

REAL ESTATE | By Paul Wiseman | Apr 17
U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.

Internal Revenue Service (IRS) Commissioner John Koskinen testifying on Capitol Hill in Washington.

Chances of Getting Audited by IRS Lowest in Years

REAL ESTATE | By Stephen Ohlemacher | Apr 15
As millions of Americans race to meet today’s tax deadline, their chances of getting audited are lower than they have been in years. Budget cuts and new responsibilities are straining the Internal Revenue Service’s ability to police tax returns.

Average US 30-Year Mortgage Rate Down to 4.34 Pct.

REAL ESTATE | Apr 11
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.

Growing Demand for US Apartments Pushing Up Rents

REAL ESTATE | By Alex Veiga | Apr 9
These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.

A home for sale in Shaker Heights, Ohio.

US Home Prices Dip in Jan. for 3rd Straight Month

REAL ESTATE | By Christopher S. Rugaber | Mar 28
U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.

Roofers install a roof on a new construction home in Pepper Pike, Ohio.

Sales of New US Homes Fell 3.3 Percent in February

REAL ESTATE | By Josh Boak | Mar 27
Fewer people bought new U.S. homes in February. Sales fell to their slowest pace in five months, a sign that the housing market has yet to recover fully from brutal winter weather.

From left, Mary Iverson, Will Hillebrenner and Heather Scott stand on the porch of a Victorian home in the Historic Oakwood neighborhood of Raleigh, N.C.

Modern Home Divides Southern Historic Neighborhood

REAL ESTATE | By Allen G. Breed | Mar 24
Architect Louis Cherry sees the two-story structure - with its exposed beams, masonry piers, deep overhangs and shallow-pitched roof - as a "contemporary interpretation" of the Craftsman-style homes that dot the city’s Historic Oakwood District.

Pharrell Williams’ "Happy" Home on Market for $10.999 Million

REAL ESTATE | By EDGE | Mar 20
Pharrell Williams has put his Miami penthouse on the market for a cool $10.999 million, and from the looks of it, it should make someone very "happy."