New analysis shows that renting may prove to be a better decision than buying in major markets as prices rise and bargains disappear. The NYT reports.
Freeport-McMoRan is selling its Eagle Ford Shale assets in Texas to an Encana subsidiary for $3.1 billion.
Dallas, Seattle and other cities are connecting their airports to downtown by rail in hopes of easing headaches and attracting more business.
Who would have thought that five of Zillow's top 10 healthiest housing markets would be in this state?
Gene Urban, The Urban Team at Realty Executives, weighs in on 3 listings in the Phoenix, Arizona area where the average sales price is about $215,000 in the city.
Sales of existing home sales nationally fell 3.2 percent in October, but in the West they were down 7 percent.
Greg Stanton, Mayor of Phoenix describes what kind of investment he hopes to attract in Phoenix.
Along with college, the cost of housing is rising fast. Home prices are up over 12 percent from a year ago, and even rising mortgage rates do not appear to be slowing the gains.
Finished lot prices are up an average of 40% nationwide, and in the hottest markets they've nearly doubled. USA Today reports.
Home prices are up 35 percent in Phoenix from where they were in September of 2011, and President Obama is sharing his proposal to dismantle Fannie Mae and Freddie Mac, with CNBC's Diana Olick. Shaun Donovan, Housing and Urban Development secretary; and Jaret Seiberg, Guggenheim Partners, discuss the impact to home ownership.
Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.
Median-income families in only one major U.S. city actually can afford to buy a new car, a new study finds.
McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.
U.S. safety regulators are nowhere near finishing an investigation into a battery fire on the Boeing 787 Dreamliner, a top official said on Thursday, raising the prospect of a prolonged grounding for the aircraft.
*Home prices rise for 7th month in a row. NEW YORK, Oct 30- U.S. home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.
NEW YORK, Oct 30- U.S. single-family home prices rose in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday. S&P 500 futures edged up following the data, but the stock market will be closed for a second day in a row in the wake of a powerful storm that hit the east coast.
FRESNO, Calif.-- Two decades ago, Mi Pueblo Food Center began modestly as a small butcher shop run by an illegal immigrant. "We are feeling what is happening to us in a way that most companies might not, because we are founded by an immigrant and depend on immigrants to survive," said Perla Rodriguez, spokeswoman for the San Jose, Calif- based company.
The latest numbers show that young adults 25-29 are the primary out-of-state movers; they had the biggest gain in 13 years as they struck out on their own to test the job market in urban, high-tech meccas such as Washington, D.C.; Denver; Portland, Ore.; Seattle; and Austin, Texas.
*Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.
Oct 24- Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.