home finance

Congress probes homebuyer tax-credit fraud

Tens of thousands of people may have taken advantage of the first-time homebuyer tax credit to defraud the government, an IRS watchdog office said Thursday.

Rates on 30-year loans inching up

Rates for 30-year home loans have inched up, hitting 5 percent for the first time in nearly a month after bond yields edged up.

Home price index falls 0.3 percent

A government index shows U.S. home prices dipped slightly in August from the previous month, but remained above a low point reached in May.

Applications for home building permits fall

Applications for home building permits, a gauge of future construction, fell in September by the largest amount in five months — a discouraging sign for the housing industry.

Government unveils new mortgage help

The Obama administration is unveiling a new program to provide support to state and local housing agencies to provide help to thousands of home buyers and renters.

Homebuilder sentiment index falls in October

Homebuilders are growing less optimistic about their fortunes as a temporary tax credit for first-time homebuyers that boosted home sales this year nears its end.

The most expensive cities in America

In the midst of the recession, New Yorkers are cutting back on everything from dining to luxury shopping.

Insurers dropping Chinese drywall policies

Thousands of homeowners who bought new houses constructed from Chinese drywall — which emits sulfuric fumes and corrodes pipes — are finding their hopes dashed, their lives in limbo.

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