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US home sales rebound slightly in February

US home sales rebound slightly in February

U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather.

Senh: That's a great photo for this article.

 

Vanilla Ice charged with burglary in Florida

Vanilla Ice has been charged with breaking into and stealing from an abandoned home that is in foreclosure in Florida.

Senh: Sure, it's not right, but the house is foreclosed. I'm not condoning it, but I could see his reasoning: the people who left it there had probably abandoned the house and everything in it. Still, he shouldn't have broken into the house and stole that stuff. I guess he's must not be making enough from his shows and the royalties to "Ice Ice Baby."

 

US home building is surging, but job growth isn't

Housing Market - AP

The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. "We're probably only hiring about 75 or 80 percent of what we actually need."

 

New home sales rise, housing recovery still on track

Sales of new single-family homes rose in March, indicating the housing market recovery remains on track.

 

Existing home sales edge down, prices rise

Home resales edged downward in March, a pause in the housing market recovery that has helped boost the economy.

 

Wall Street betting billions on single-family homes in distressed markets

Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable.

 

DealBook: Mortgage Relief Checks Go Out, Only to Bounce

Foreclosure Checks

Relief checks issued as part of a settlement over foreclosure abuses have bounced, an unfortunate twist for consumers who have already faced problems over reviews of troubled mortgage loans.

 

US housing starts surpass 1 million in March

U.S. builders broke ground in March on homes as a seasonally adjusted rate of 1.04 million — the fastest pace in nearly five years — on a surge in apartment construction. The gain signals further strength in the housing market ahead of the spring-buying season.

 

Fewer underwater homeowners at regional, national level

The number of underwater homeowners in the Washington area decreased again in the last quarter of 2012, continuing a trend that has brought relief to thousands of borrowers.

 

Fannie earns $17.2B in 2012, biggest annual gain

Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter.

 

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