A sharp pullback in apartment and condominium construction led to a big decline in overall home building in April, even as single-family home construction remained strong, according to government data released Thursday.
A family in rural Utah is hoping that someone with a frontier spirit and deep pockets will snatch up their 706-acre ghost town for the bargain price of $3.9 million.
Even though home prices are rebounding in some parts of the country the overall housing market won't start turning the corner until spring of next year, according to the latest forecast based on the Fiserv Case-Shiller indices.
A Chinese woman reportedly bought a $6.5 million Manhattan condo in New York for her daughter so she can live in the heart of the city when she goes to college.
Home sales slipped slightly in March, according to the latest reading from the National Association of Realtors, but were at much stronger levels than a year ago.
Mortgage rates continued to drop, with the 15-year fixed-rate loan hitting a record low, according to a weekly report from mortgage financier Freddie Mac.