Finance :: Real Estate

Contracts to Buy US Homes Rise in Hopeful Sign

By Josh Boak | Sep 2
More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.

Sales of US New Homes Fall in July

By Josh Boak | Aug 25
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said that new-home sales fell 2.4 percent last month.

A builder works on the construction of new homes in Belmar, N.J.

US Home Construction Jumps 15.7 Percent in July

By Martin Crutsinger | Aug 21
U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.

Jean Green Dorsey walks outside the building on New York City's Upper West Side where she has lived since 1972.

To Have or Have Not: NYC Affordable Housing Hits a Speed Bump

By Jennifer Peltz | Aug 19
One new Manhattan skyscraper will greet residents of pricey condos with a lobby in front, while renters of affordable apartments that got the developer government incentives must use a separate side entrance - a so-called poor door.

The "Pineapple House," designed by Japanese architect Kengo Kuma, in Tokyo.

Japanese Architects Sell a Lifestyle on Global Stage

By Yuri Kageyama | Aug 13
A new generation of Japanese architects is scoring success by reinterpreting the past.

Average US 30-Year Mortgage Rate at 4.14 Percent

Aug 11
Average long-term U.S. mortgage rates rose slightly last week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan inched up to 4.14 percent from 4.12 percent last week.

Home Owned by Trump Holdout Sells at Auction

By Samantha Henry | Aug 8
An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers including Donald Trump.

Nobody's Home: The Ghost Cities of China

Aug 7
Tour China's ghost cities, as we did with financial analyst Gillem Tulloch, and you'll see the spooky signs of a real estate bubble. Watch Lesley Stahl's full report on "China's Real Estate Bubble."

New York Financial Superintendent Benjamin Lawsky

NY Investigates Mortgage Firm's Insurance Deals

By Jeff Horwitz | Aug 6
New York's top financial regulator said Monday he will investigate whether the nation's largest overseer of subprime mortgages, Ocwen Financial Corp., overcharged struggling homeowners on insurance.

Job seekers attend a job fair held by Sheetz to staff their under-construction distribution center, in Burlington, N.C. As the economic recovery enters its sixth year, many Americans don't feel better off.

As US Job Market Strengthens, Many Don't Feel It

By Josh Boak, Christopher S. Rugaber | Aug 5
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months.