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Business :: Real Estate

America's Most Expensive Home

REALESTATE | By EDGE | Thursday Oct 16, 2014
Even in South Florida, $139 million is a lot of money for a mansion. That is the price tag on the most expensive home currently for sale in the United States. Le Palais Royal is now under construction.

Chicago LGBTQ Youth Job Fair Oct. 22

REALESTATE | By EDGE | Oct 16
The Chicago LGBTQ Job Fair will be held Wed., Oct. 22, 2014, Noon to 4 p.m. at Center on Halsted, 3656 N. Halsted. The free event includes job advice, break-out sessions detailing best interview and employee practices, as well as legal issues at work.

San Francisco Lawmakers OK Airbnb Rentals

REALESTATE | Oct 9
San Francisco lawmakers have tentatively approved a measure that would allow city residents to rent out their homes to travelers on sites such as Airbnb.

Average US 30-Year Mortgage Rate at 4.20 Percent

REALESTATE | Oct 3
Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.

US Existing Home Sales Fall in August

REALESTATE | By Josh Boak | Sep 24
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million.

Once-Troubled Reverse Mortgages Poised for Rebound

REALESTATE | By Hope Yen | Sep 18
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.

Average US 30-Year Mortgage Rate at 4.12 Percent

REALESTATE | Sep 12
Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week.

Average US 30-Year Mortgage Rate at 4.1 Percent

REALESTATE | Sep 4
The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 this week.

Contracts to Buy US Homes Rise in Hopeful Sign

REALESTATE | By Josh Boak | Sep 2
More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.

Sales of US New Homes Fall in July

REALESTATE | By Josh Boak | Aug 25
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.

US Home Construction Jumps 15.7 Percent in July

REALESTATE | 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.