Housing

7:30am

Fri October 4, 2013
Politics

Around The Nation: Pot, Gambling And GMOs On The Election Ballot

Protesters in the "No On Proposition AA" campain in Denver's Civic Center Park, Sept. 21.
No on Proposition AA Facebook

In Colorado, voters will consider a huge tax hike on newly legal marijuana. New Yorkers could expand gambling. And Washington voters are in the midst of a multimillion-dollar campaign over the labeling of genetically modified foods.

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7:38am

Tue September 24, 2013
Business

Home Prices Rise At Best Pace In Seven Years

Originally published on Tue September 24, 2013 10:02 am

This home was under contract last month in Chicago.
Scott Olson Getty Images

Led by more strong gains in Las Vegas, San Francisco, San Diego and Los Angeles, home prices in major U.S. cities were up just more than 12 percent on average in July vs. July 2012, according to the latest S&P/Case-Shiller Home Price Indices report.

The average increase was the largest since February 2006, Reuters adds, and is yet another sign that the housing sector is among the economy's strongest sectors.

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1:38am

Fri September 6, 2013
Business

Rates Come Down On Jumbo Mortgage Loans

Originally published on Fri September 6, 2013 10:40 am

iStockphoto.com

There is something new and different for home mortgages: Jumbo loans are being made at lower interest rates than traditional home loans. That's kind of like a first class airplane ticket being cheaper than riding in coach.

At first this seems crazy. For as long as anybody can remember, homeowners have had to pay a premium to get jumbo loans. That's because they're not guaranteed by the federal government. If they're not guaranteed, they're riskier, so they cost more in interest payments.

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12:39pm

Wed September 4, 2013
Business

Economy Expanding At Moderate Rate, Fed Says

Originally published on Wed September 4, 2013 4:59 pm

Doors for a Chevy Sonic hang on the assembly line at General Motors' Orion Assembly Plant in Lake Orion, Michigan, in 2011.
Bill Pugliano Getty Images

The U.S. economy held steady with "modest to moderate" growth between early July and late August, as Americans bought more cars and auto factories ramped up hiring.

The Federal Reserve's so-called Beige Book, comprising reports from 12 geographic districts around the country, showed that manufacturing activity "expanded modestly" and that several districts reported that "demand for inputs related to autos, housing, and infrastructure were strong."

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8:16am

Tue August 27, 2013
Business

Latest Economic Signs Point To Slow, Steady Growth

A home construction site in Oceanside, Calif., earlier this month. Home prices continue to rise across the nation, though the pace appears to have slowed.
Mike Blake Reuters/Landov

Two key economic indicators — home prices and consumer confidence — both seem to signal that slow, steady economic growth lies ahead.

Tuesday's reports:

-- Confidence. The Conference Board's widely watched consumer confidence index increased only slightly in August, to 81.5 from 81 in July, the business research group says.

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