Latest Home buying News

Bloomberg gun plan: Permits, assault weapon ban, age limits

Dec. 5, 2019 6:40 PM EST

AURORA, Colo. (AP) — Democratic presidential contender Michael Bloomberg unveiled a gun control policy on Thursday just steps from the site of one of Colorado's worst mass shootings, calling for a ban on all assault weapons, mandatory permits for gun purchasers and a new position in the White House to...

Liz Weston: It’s time to let go of shame over your debt

Dec. 2, 2019 11:19 AM EST

Many of us feel bad about our debt. Most of us probably shouldn’t. Three-quarters of U.S. households owe money, but the vast majority pay their bills on time and have debt loads that are reasonable given their incomes. But many people still report being embarrassed about owing money. In one study, nearly...

Mountain village embraces its legacy as cure center for TB

Dec. 1, 2019 11:50 AM EST

SARANAC LAKE, N.Y. (AP) — Tuberculosis put Saranac Lake on the map. Through the middle of the 20th century, ailing people seeking a “rest cure” reclined on cottage porches in the community to take in the crisp Adirondack Mountain air. Saranac Lake grew into a mini-metropolis of medical care,...

US mortgage rates edge up slightly, 30-year at 3.68%

Nov. 27, 2019 11:35 AM EST

WASHINGTON (AP) — U.S. mortgage rates crept slightly higher this week but remain at low levels that could encourage more home-buying. Mortgage buyer Freddie Mac said Wednesday that the average rate on a fixed 30-year mortgage ticked up to 3.68% from 3.66% the previous week. The average 15-year mortgage was...

Pending US home sales fell 1.7% in October amid short supply

Nov. 27, 2019 10:36 AM EST

WASHINGTON (AP) — Americans signed fewer contracts to purchase homes in October, as would-be buyers struggled to find available properties. The National Association of Realtors said Wednesday that its pending home sales index, which measures the number of purchase contracts signed, fell 1.7% last month....

New home sales slipped 0.7% in October but remain solid

Nov. 26, 2019 10:22 AM EST

WASHINGTON (AP) — Sales of new homes dipped slightly in October compared with September but remain well above levels of a year ago, with lower mortgage rates helping spur a rebound in purchases. The annual rate of single-family new-home sales slipped 0.7% last month to a seasonally adjusted 733,000, the...

Major New Orleans hotel group buys historic Mississippi home

Nov. 26, 2019 3:20 AM EST

NATCHEZ, Miss. (AP) — One of New Orleans’ largest hotel groups has announced its purchase of a historic mansion in a Mississippi city. The Natchez Democrat reports the J Collection said in a statement Monday that it had acquired the Natchez landmark, mansion Dunleith. The newspaper says United...

Inspiring tale of a Chicago neighborhood that would not die

Nov. 25, 2019 4:28 PM EST

CHICAGO (AP) — With the echo of African drums, Fairfield Avenue comes alive. Men, women and children, drawn to their front porches by the pulsing beat, witness an impromptu parade led by 60-year-old Hasan Smith. A long line of well-wishers follows him to the home that he helped rebuild — the first...

Correction: Mortgage Rates story

Nov. 22, 2019 2:12 PM EST

WASHINGTON (AP) — In a story Nov. 21 about U.S. mortgage rates, The Associated Press reported erroneously that a year ago, the 30-year rate was at 3.81%. It was at 4.81%. A corrected version of the story is below: US mortgage rates fell this week, boosting housing market US mortgage rates fell this week,...

US home sales rose 1.9% last month, lifted by lower rates

Nov. 21, 2019 12:25 PM EST

WASHINGTON (AP) — Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties. The National Association of Realtors said Thursday that sales of existing homes rose 1.9% last month to a seasonally adjusted annual...