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Business :: Real Estate

Sales of US New Homes Fall in July

REAL ESTATE | By Josh Boak | Monday Aug 25, 2014
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery. The Commerce Department said that new-home sales fell 2.4 percent last month.

A builder works on the construction of new homes in Belmar, N.J.

US Home Construction Jumps 15.7 Percent in July

REAL ESTATE | By Martin Crutsinger | Aug 21
U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.

Jean Green Dorsey walks outside the building on New York City's Upper West Side where she has lived since 1972.

To Have or Have Not: NYC Affordable Housing Hits a Speed Bump

REAL ESTATE | By Jennifer Peltz | Aug 19
One new Manhattan skyscraper will greet residents of pricey condos with a lobby in front, while renters of affordable apartments that got the developer government incentives must use a separate side entrance - a so-called poor door.

The "Pineapple House," designed by Japanese architect Kengo Kuma, in Tokyo.

Japanese Architects Sell a Lifestyle on Global Stage

REAL ESTATE | By Yuri Kageyama | Aug 13
A new generation of Japanese architects is scoring success by reinterpreting the past.

Average US 30-Year Mortgage Rate at 4.14 Percent

REAL ESTATE | Aug 11
Average long-term U.S. mortgage rates rose slightly last week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan inched up to 4.14 percent from 4.12 percent last week.

Home Owned by Trump Holdout Sells at Auction

REAL ESTATE | By Samantha Henry | Aug 8
An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers including Donald Trump.

Nobody's Home: The Ghost Cities of China

REAL ESTATE | Aug 7
Tour China's ghost cities, as we did with financial analyst Gillem Tulloch, and you'll see the spooky signs of a real estate bubble. Watch Lesley Stahl's full report on "China's Real Estate Bubble."

New York Financial Superintendent Benjamin Lawsky

NY Investigates Mortgage Firm's Insurance Deals

REAL ESTATE | By Jeff Horwitz | Aug 6
New York's top financial regulator said Monday he will investigate whether the nation's largest overseer of subprime mortgages, Ocwen Financial Corp., overcharged struggling homeowners on insurance.

Job seekers attend a job fair held by Sheetz to staff their under-construction distribution center, in Burlington, N.C. As the economic recovery enters its sixth year, many Americans don't feel better off.

As US Job Market Strengthens, Many Don't Feel It

REAL ESTATE | By Josh Boak, Christopher S. Rugaber | Aug 5
Though the U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent, the Gallup Organization has found that consumers' view of the economy is the glummest it's been in seven months.

Trulia Kindle Fire .

Zillow Buying Trulia to Build Real Estate Titan

REAL ESTATE | By Mae Anderson | Jul 30
Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market.

Evicted tenants and partners Alison Panko, left, and Oona Hanawalt sit in their apartment on 25th Street in the Mission.

Queer SF Couple Fights Eviction

REAL ESTATE | By Seth Hemmelgarn | Jul 28
A San Francisco same-sex couple is fighting their landlords' efforts to evict them from their apartment.