Housing Market

New home sales rise, prices surge to record highs

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- Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact.

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Mortgage applications tumble as interest rates jump: MBA

NEW YORK - Applications for home mortgages dropped for a second week in a row last week as a spike in interest rates stymied demand for refinancing, data from an industry group showed on Wednesday.

22 May 2013

Home sales close in on three-and-a-half year high

WASHINGTON - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington.

22 May 2013

Housing recovery boosts Home Depot results; outlook raised

- Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year on Tuesday as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market.

21 May 2013

Housing nominee vows to divest bank stock if confirmed

WASHINGTON - Representative Mel Watt, nominated by President Barack Obama to serve as a top housing regulator, plans to divest bank stock he owns if confirmed in the post, according to a statement filed with the Office of Government Ethics.

16 May 2013

Fed buys $17.3 billion of mortgage bonds, sells $2.2 billion

NEW YORK - The Federal Reserve bought $17.3 billion of agency mortgage-backed securities from May 9 through May 15, a tad less than the $17.8 billion it purchased last week, the New York Federal Reserve Bank said on Thursday.

16 May 2013

Lacker says Fed should get out of mortgage market

BALTIMORE - An improving U.S. housing market suggests it is time for the Federal Reserve to stop aiming its stimulus at the real estate sector, Richmond Fed President Jeffrey Lacker said on Wednesday.

15 May 2013

Paulson raised bet on mortgage insurers in first quarter: filing

BOSTON - Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.

15 May 2013

Home builder sentiment gains in May: NAHB

NEW YORK - Homebuilder sentiment rose in May as sales conditions improved, suggesting the housing market recovery still has momentum, data from the National Association of Home Builders showed on Wednesday.

15 May 2013

Mortgage applications drop as rates rise: MBA

NEW YORK - Applications for home mortgages fell last week for the first time in more than a month as interest rates jumped, sapping demand for refinancing, an industry group said on Wednesday.

15 May 2013

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