In June, Yale University’s Robert Shiller said Colombia’s housing market reminded him of the emerging U.S. bubble a decade earlier.
U.S. mortgage rates for 30-year loans fell for the first time in four weeks, decreasing borrowing costs for homebuyers as the recovery in prices stretched into 2014.
Hovnanian Enterprises Inc., the worst-performing U.S. homebuilder this year, reported a wider loss for its fiscal first quarter as inclement weather extended construction times and sales demand slowed.
Prime Minister David Cameron will say cutting taxes is “the right thing to do” as he faces pressure from his Conservative lawmakers to lessen the cost burdens on British voters.
Contracts to purchase previously owned U.S. homes rose less than forecast in January, adding to signs housing was weakening in early 2014.
U.S. mortgage rates for 30-year loans climbed for a third week, increasing borrowing costs as harsh weather contributes to slowing demand for homes.
Purchases of new U.S. homes unexpectedly climbed in January to the highest level in more than five years, showing underlying strength in the industry even in the midst of unusually harsh weather.
Home prices in the U.S. climbed at a slower pace in the year through December, pointing to a moderation in the market that will help keep more properties within reach for prospective buyers.
Investors in Israel’s real estate market are brushing off the International Monetary Fund’s warning of a possible housing bust.
Consumer confidence fell more than forecast in February as growing concern about the U.S. economy’s direction outweighed improving perceptions of its current state.
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