Latest Home buying News

Liz Weston: How to reduce taxes when you sell your home

May. 16, 2022 09:36 AM EDT

If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino says some clients don’t realize that home sale profits are potentially taxable until their returns are prepared — and by that time, they may have spent the windfall...

Board rules Baltimore council president broke ethics rules

May. 13, 2022 17:27 PM EDT

BALTIMORE (AP) — Baltimore’s ethics board has ordered the city council president to stop accepting money from a legal defense fund that took donations from at least two city contractors. The Board of Ethics also ruled Thursday that Council President Nick Mosby violated the...

Judge permanently blocks ban on homebuyer ‘love letters’

May. 11, 2022 19:30 PM EDT

PORTLAND, Ore. (AP) — Prospective homebuyers in Oregon can continue to send “love letters” to people selling homes. U.S. District Judge Marco Hernandez on Wednesday permanently blocked a ban on the personal messages some buyers write in an effort to sweeten their offers on...

NC governor reveals what he wants to do with $6.2B surplus

May. 11, 2022 19:01 PM EDT

RALEIGH, N.C. (AP) — Gov. Roy Cooper proposed Wednesday that North Carolina government spend or earmark much of a projected $6.2 billion surplus to address further a host of needs like building construction, education inequities, affordable housing and worker retention. The...

Rural home sales in South Dakota heat up

May. 11, 2022 11:47 AM EDT

SIOUX FALLS, S.D. (AP) — Real estate agents says the hot housing market in South Dakota's larger cities has spilled over to the state's more rural areas. While the competition is the highest in Sioux Falls and Rapid City where prices have increased about 20% over last year, the...

Ginsburg's tea set, coat, other items raise $800K for opera

May. 09, 2022 13:42 PM EDT

WASHINGTON (AP) — Justice Ruth Bader Ginsburg's silver tea set is going to a family with a 5-year-old daughter who once was Ginsburg for Halloween. A medal Ginsburg was awarded when inducted into the National Women's Hall of Fame is going to a family that demonstrated recently for reproductive...

NOT REAL NEWS: A look at what didn't happen this week

May. 06, 2022 10:52 AM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Posts misrepresent outdated UK...

New reparations focus: Black enclaves lost to development

May. 06, 2022 01:19 AM EDT

PROVIDENCE, R.I. (AP) — Terrell Osborne knows well what happens when urban renewal comes to communities of color. As a child growing up in Providence, Rhode Island, in the 1950s and 1960s, huge swaths of his neighborhood of Lippitt Hill, a center of Black life at the foot of the...

Feds want to seize LA mega-mansion in corruption case

May. 05, 2022 20:27 PM EDT

LOS ANGELES (AP) — The federal government wants to seize a mega-mansion in an exclusive area of Los Angeles that it claims was purchased with millions in bribe money paid to the former finance minister of Armenia and his sons, it was announced Thursday. A complaint filed Monday in...

How higher Fed rates stand to affect Americans' finances

May. 04, 2022 19:43 PM EDT

WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. The substantial half-point hike in its benchmark short-term rate that the Federal...