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Call it the Great Housing Paralysis of 2009. If you're hoping to buy your first home or invest in a second one, you're probably sidelined, unsure when to jump in. If you want to sell, you're thinking it may be better to wait. And even if you don't plan to either buy or sell anytime soon, watching one of your biggest assets tank is about as much fun as being chased by hornets. When will the pain stop?
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The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.
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Read full story for latest details.
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The pace of homebuilding stepped up in February, an unusual bit of good news in the devastated housing market. The number of housing permits issued and homes starting construction both rose at an annualized rate of 547,000 and 583,000, respectively. However, they were still off nearly 50% compared with February a year ago.
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When an ex-managing director of hedge fund Fortress teams up with Sotheby's in a real estate venture, you know something funny is going on in the luxury residential market.
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Imagine you're a mid-level executive living in Grayling, Mich., the "Canoe Capital of the World."
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Thanks to several programs from Uncle Sam, you could receive thousands of dollars by investing in a number of energy-conserving home improvements.
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In this extreme buyer's market, you can talk down the price of everything from flat-screen televisions to summer rentals. When it comes to home improvement, though, haggling is as risky as ever. Even if contractors are more willing to lower their prices nowadays, they're still liable to get angry and to cut corners on the job.
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Sales of existing homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to a report released Friday.
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