Housing market

U.S. home prices rise Fallback Image Decorative pattern

Economic Indicators

U.S. home prices rise

U.S. home prices increased 12.8% year-over-year in August, finds data from S&P/Case-Shiller Home Price Indices. On a monthly basis, home prices were up1.3% in August. Las Vegas led the cities with an increase of 2.9%–its highest since August 2004. Detroit and Los Angeles followed with gains of 2%. Read: New home sales in Toronto hit […]

By Staff |October 29, 2013

1 min read

New home sales in Toronto hit record low in Q3 Fallback Image Decorative pattern

Economic Indicators

New home sales in Toronto hit record low in Q3

Sales of new homes in the GTA saw a modest increase in September, but year-to-date figures are still the lowest in 10 years, the Building Industry and Land Development Association says.

By Staff |October 22, 2013

1 min read

Vampires, zombies haunt U.S. housing Fallback Image Decorative pattern

Economic Indicators

Vampires, zombies haunt U.S. housing

Halloween is still weeks away, but the after effects of the crisis are haunting the U.S. housing market year-round. Almost half of the 525,000 bank-owned foreclosed homes are still occupied by the previous owners, reports ft.com. These “vampire properties” couple with “zombie properties,” which are the 150,000 houses that’ve been vacated by their owners but […]

October 4, 2013

1 min read

U.S. reverse mortgage scheme needs bailout Fallback Image Decorative pattern

Economic Indicators

U.S. reverse mortgage scheme needs bailout

A U.S. housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors.

By Staff, with files from The Associated Press |September 27, 2013

2 min read