August average home prices were up in 18 of the 20 cities measured by the Case-Shiller Home Price Indices from 2011, driving both composites to their highest points since the summer/fall of 2003.
Interest rates have fallen to record lows, and refinance applications have skyrocketed in the weeks after Federal Reserve Chairman Ben Bernanke announced plans to buy mortgage-backed securities.
San Diego-based Pacifica Cos. became the first winning bidder in a federal pilot program to sell repossessed homes to investors in bulk on Friday, purchasing 699 occupied and vacant single-family properties in Florida.
CPG International Inc. today announces the signing of a definitive agreement to acquire TimberTech, a subsidiary of the Crane Group and well-known manufacturer of high quality, low maintenance decking, railing and accessory products.
Construction companies have more trouble borrowing than others, even when they look for less than $100,000, according to a survey by the Federal Reserve Bank of New York.
Toll Brothers reported strong third quarter results Wednesday, with net income rising 46 percent year-over-year and revenue up 41 percent, according to the Washington Post.
The Consumer Financial Protection Bureau plans to propose rules to give consumers a more complete and understandable “good faith estimate” of mortgage costs.
The city of Memphis and Shelby County, Tenn., are expected to adopt stricter building codes that could add 20-25 percent to the cost of building a home.
