Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.» Read More
Sales of new homes rose to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
As Treasury yields have surged in the month of May, just how much have bond investors lost?
Housing is good but not great and unlikely to be a leading force in a robust recovery, according to a group that is one of the industry's leading voices.
Federal Reserve Chairman Ben Bernanke would not risk a premature withdrawl of the stimlus that has underpinned the U.S. economic recovery, former vice chairman of the Fed Alan Binder told CNBC.
'A number of participants' on the FOMC this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer.
The sales pace is back to what it was in 2005 and 2006, but the circumstances are of course very different. Now it's about stiff competition for limited supply.
Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments.
U.S. home sales rise slightly to 4.97 million in April, their highest level in 3 1/2 years, as inventories jump.
Market rallies have to end sometime for sure, but history suggests the current one, despite its seemingly bloated nature, doesn't have to end soon.
As the Federal Reserve mulls reducing asset purchases, the improved labor market is spurring debate between Fed "hawks" and "doves" over what the right policy decision should be.
Applications for home mortgages dropped last week for a second-straight week as a spike in interest rates stymied demand for refinancing, the Mortgage Bankers Association says.
Rescuers desperately search for survivors in the rubble of flattened communities a day after a 2-mile-wide tornado carved a path of destruction in Oklahoma.
Supplies are at levels not seen since the frenzy of the last housing boom while the median price for a new home hit a record high, further signs that housing is recovering.
Have two Pandora's Boxes been opened? Fed Chairman Ben Bernanke's testimony may be one; the IRS scandal may be the other.
U.S. manufacturing activity slowed as weak overseas demand and government belt-tightening at home led to the most sluggish growth rate since October.
Initial claims for unemployment benefits dropped 23,000 to a 340,000, pushing back below the mark that economists normally associate with a firming job market.
Here's why more "hash crash" events, like the bogus AP tweet that caused the markets to tumble, are disasters waiting to happen. The Financial Times reports.
Calls earlier in the year for a "great rotation" into stocks from fixed income may have been a little premature, but Goldman Sachs' replacement for Jim O'Neill says there will be a "gradual rotation".
What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-crisis highs.
The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.