Latest Real estate services News

US home sales fell in July; some buyers see silver lining

Aug. 18, 2022 16:04 PM EDT

LOS ANGELES (AP) — The housing market's comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less...

Township named Flint won't put name change on fall ballot

Aug. 16, 2022 09:43 AM EDT

FLINT TOWNSHIP, Mich. (AP) — A name change for Flint Township will not appear on the fall ballot. Township trustees voted 4-2 Monday against placing the question on the ballot. The result would not have been binding, but there had been interest in getting the public's opinion about...

This Week: Walmart earns, Fed meeting minutes, US home sales

Aug. 15, 2022 03:12 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SPOTLIGHT ON WALMART Wall Street expects another mixed quarterly report card from Walmart. Analysts predict the nation’s largest retailer will report on Tuesday that...

China cuts interest rate to shore up sagging economy

Aug. 15, 2022 01:37 AM EDT

BEIJING (AP) — China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is trying to extend his hold on power. The decision suggested Beijing is temporarily setting aside worries over...

Panthers propose to pay $82M over failed practice facility

Aug. 11, 2022 15:23 PM EDT

ROCK HILL, S.C. (AP) — Carolina Panthers owner David Tepper’s real estate company has proposed to pay more than $82 million to creditors over an abandoned practice facility project in Rock Hill under a new plan proposed Thursday. The plan would require approval from courts and...

Long-term mortgage rates under 5% for 1st time in 4 months

Aug. 04, 2022 10:05 AM EDT

WASHINGTON (AP) — The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control. The 30-year rate tumbled to 4.99% from 5.3% last...

Average US long-term mortgage rates retreat to 5.3%

Jul. 28, 2022 10:02 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under control. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell back to 5.3%...

Average long-term US mortgage rates edge up to 5.54%

Jul. 21, 2022 10:05 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates ticked up again this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate. Mortgage buyer Freddie Mac reported Thursday that the 30-year...

US home sales fell in June as prices reach new heights

Jul. 20, 2022 11:07 AM EDT

Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.4% last month from May to a seasonally adjusted annual rate of 5.12 million, the...

This Week: Netflix earns, US home sales, AmEx earns

Jul. 18, 2022 03:16 AM EDT

A look at some of the key business events and economic indicators upcoming this week: MORE SUBSCRIBER WOES? Netflix serves up its second-quarter results Tuesday. Wall Street expects the pioneering streaming service will report that its earnings declined...