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Updated: 5 hours 31 min ago
Fri, 05/17/2013 - 6:02am
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Fri, 05/17/2013 - 6:00am
By NICK TIMIRAOS and ALAN ZIBEL
Construction of new homes fell in April amid a big drop in the volatile apartment sector. But building permits hit their highest levels in nearly five years, a sign that the housing rebound—while choppy—still appears to be on course.
Housing starts fell 16.5% in April to a seasonally adjusted annual rate of 853,000 units, the lowest level since last November b
Fri, 05/17/2013 - 2:43am
WASHINGTON -- Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender?
The answer appears to be yes, and last week two federal agencies -- the Federal
Fri, 05/17/2013 - 2:20am
Q: I've not seen fracking addressed in your column but I understand that doesn't mean you haven't! Most homeowners do not know their home insurance does not cover fracking, even if they have earthquake coverage, because it would be "man-made" earthquake/earth movement. Can you please comment on how homeowners can protect themselves?
A: Thanks for your comment. Homeowners' insurance po
Fri, 05/17/2013 - 1:03am
Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.
Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 3.51 percent from 3.42 percent last week. That's still near the average of 3.31 percent reached in November, the lowest on records dating