Real Estate
Spain banks hit by EU court ruling on unfair mortgage rates
Spanish banks are facing the prospect of having to pay back several billion dollars to clients following a European Court of Justice ruling Wednesday over mortgage agreements that insured that interest rates did not fall below a certain level
Existing US home sales reach highest since February 2007
US existing home sales at highest pace in a decade, but buyers facing worsening inventory shortage, higher prices
US home prices climbed again in July
U.S. home prices rose modestly in July, pushed higher by strong gains in Portland, Seattle and Denver, a private index says
Sales of new homes tumbled 7.6 percent in August
Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years
US home sales fell in August as inventories plummet
Americans bought fewer homes in August, as a worsening inventory shortage appears to be pushing prices higher and sales totals lower
US average 30-year mortgage rate declines to 3.48 percent
Long-term U.S. mortgage rates edged lower this week
Lennar and WCI join to create powerhouse in Florida
Lennar will spend $643 million to acquire luxury homebuilder WCI Communities Inc., tying up two of the largest home construction companies in Florida as the U.S. real estate market continues to heat up
US home construction slumped in August; big dip in the South
Southern homebuilders pulled back on construction in August, causing the pace of housing starts nationwide to fall to their lowest level in three months
Mining town emerging from Superfund cleanup with optimism
A creek in the mountains west of Denver used to turn yellow with toxic waste gurgling from abandoned mines, but after a $62 million Superfund project, it now runs clean and clear
Americans take on more mortgage debt as housing recovers
US mortgage debt rises at fastest pace in eight years as housing market continues recovery