Despite the rise in borrowing costs, home prices soared in 20 U.S. cities in the 12 months ended September, and they rose by the most since February 2006, according to Standard & Poor’s/Case-Shiller home-price index. The index recorded a 13.3 percent increase in prices. Analysts surveyed by Bloomberg were expecting a hike in the range of 12.4 to 13.5 percent. The index takes into account three months’ worth of data, so the spike also includes
. . .
Read more about Housing Market News
Fuelled by a demand in rentals, apartment construction skyrocketed 23 percent in December while single-family homebuilding, which makes up two-thirds of the market, increased around 8 percent. That’s a sign that a recovering economy is creating better employment conditions and reinvigorating consumer confidence, allowing consumers to
. . .
Read more about Real Estate News
Historic low mortgage rates and the Federal Reserve’s “Operation Twist” triggered a rise in demand for new homes, home prices and existing home sales. But, the construction industry’s struggle with job creation continues to add speed bumps to a faster housing market recovery, says a report by mortgage giant Freddie Mac.
. . .
Father’s Day is right around the corner, and I have been pondering what to do for my dear ole’ dad. Ever since I was a little girl, my dad has loved working in the yard and building things. His eyes would light up whenever I asked to join him so he could teach me something new. These memories got me to thinking that I could help my dad with a project as my gift to him for Father’s Day.
. . .