Freddie Mac Posts Near-Record Profit in First Quarter
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market.
housing market
Wall St. This Week: SunPower Rose Early, Car Sales on a Roll
From SunPower enlightening some shareholders prematurely to Warren Buffett's first tweet, here's a rundown of the week's most interesting action in the business world.
Surge in New-Home Sales Signals Reviving Housing Market
Sales of new homes rebounded in March to the second fastest sales pace in three years, adding evidence of a sustained housing recovery.
Strong Housing and Auto Sales Boost U.S. Economy, Fed Says
A strengthening housing recovery and robust auto sales contributed to moderate growth across the U.S. in late February and March, according to a Federal Reserve survey.
Housing Stocks Rise on Bullish Real Estate Report
A very bullish report on housing starts has lifted shares of leading homebuilders by two to four percent today, adding to the huge gains over the past year.
Bernanke: Poor Areas Being Left Behind in U.S. Recovery
Fed Chairman Ben Bernanke said on Friday that despite improvements in the U.S. economy overall, the country's lower-income communities continue to face hard times.
Home Foreclosures Fall to Lowest Level in 5-Plus Years
The number of homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's foreclosure crisis is abating.
Housing Starts Rise to Highest Level in Nearly 5 Years
U.S. builders started more houses and apartments in February and obtained permits for future construction at the fastest pace in nearly five years, a new report shows.
5 Things to Watch on Wall Street This Week
From Fedex reporting earnings to BlackBerry finally bringing the Z10 smartphone to America, there will be plenty happening to move the markets in the week ahead.
Home Prices Posted Best Gain in 7 Years in January
U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season. Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by CoreLogic. That's up from an 8.3 percent increase in December and the biggest annual gain since April 2006.
U.S. New-Home Sales Jump to Highest in 4.5 Years
U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. New-home sales rose nearly 16 percent in January to a seasonally adjusted annual rate of 437,000, the largest percentage increase in nearly 20 years.
Home Prices Post Healthy Gains in December
U.S. home prices rose at a healthy pace in December compared with a year ago, driven higher by rising sales and a smaller supply of available homes. The Standard & Poor's/Case-Shiller 20-city home price index rose 6.8 percent year over year, up from a 5.5 percent annual gain in November.
Midday Market Minute: Lowe's 4Q Net Income Tops Expectations
Home improvement retailer Lowe's Cos. credits cleanup efforts after Superstorm Sandy and its new pricing strategy for fourth-quarter earnings that surpassed Wall Street expectations, a sign that people are beginning to feel better about spending money on their homes as the housing market slowly recovers.
U.S. Home Sales Rise to 2nd-Highest Pace in 3 Years
U.S. sales of previously occupied homes rose in January to the second-highest level in three years, a sign the housing market is maintaining its recovery and helping to bolster the economy. The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December.
U.S. Home Prices Continue To Climb In Nov.
U.S. single-family home prices rose in November, building on a string of gains that point to a housing market that is on the mend, data from the closely watched S&P/Case-Shiller Index showed on Tuesday. Prices in the 20 cities rose 5.5 percent year over year.