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Existing-home sales highest since late 2009
WASHINGTON - Existing-home sales rose in April to hit the highest rate since November 2009, pointing to an ongoing recovery supported by low interest rates and pent-up demand, according to data released Wednesday.
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ASSISTED LIVING INDUSTRY
Susan Correa Silva discusses the Connected Living Network's home page and functions during a convention of assisted living executives in Charlotte, North Carolina, on May 8, 2013.
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ASSISTED LIVING INDUSTRY
Jim Chasteen of Life Fitness watches as Raeanne McLaughlin tries TOG golf during a convention of assisted living executives in Charlotte, North Carolina, on May 8, 2013.
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ASSISTED LIVING INDUSTRY
John Stern of Hill-Rom demonstrates the Volker Vis-A-Vis Bed to conventioneers during a convention of assisted living executives in Charlotte, North Carolina, on May 8, 2013.
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The Mortgage Professor: Cash-out loans can cost a pretty penny
Borrowers who withdraw cash when they refinance are viewed as riskier than those who don't, because the cash withdrawal indicates possible financial distress - and that perception can raise a borrower's costs.
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New construction slows in April
WASHINGTON_ Construction of new U.S. homes dropped in April as far fewer apartments were put up, according to government reports released Thursday that nonetheless signal rebounding activity in the building sector.
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Paying for mortgage insurance
Chart showing how as a borrower's loan-to-home value ratio increases and credit score decreases, the rate that must be paid for annual mortgage insurance premiums goes up. With REAL-MORTGAGEPROFESSOR, MCT, by Jack Guttentag.
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Assisted living industry rolls out welcome mat as boomers age
CHARLOTTE, N.C. - The economy is slowly recovering, home values are rising again, and baby boomers are turning 65 at a rate of nearly 10,000 a day.
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Real estate Q&A: With retirement in full view, try to avoid refinancing
QUESTION: I have five years left until I pay off my 30-year mortgage. _Jen. ANSWER: While a lower payment would be appealing, I think you should try to avoid refinancing, if at all possible. You're nearly home free - literally.
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Once-reviled flippers could help heal some housing markets
Home flippers got a bad name during the housing boom. But today's flippers are getting credit for helping the market recover. "When I put a house back up for sale, it usually goes very quickly," said Bruno Duarte, a 34-year-old former stock broker.
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House flippers
Bruno Duarte stands in front of a house he is flipping in Oakland Park, Florida, on May 9, 2013.
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House flippers
Bruno Duarte stands in front of a house he is flipping in Oakland Park, Florida, on May 9, 2013.
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Star Trek: a series on the edge of forever
Full-page graphic compares the characters of the original Star Trek series with the updated look and plot of the rebooted Trek film directed by J.J. Abrams, with summary of the six TV shows the franchise has generated and 11 previous movie posters...
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Costliest U.S. tropical cyclones
Charts looks at the costliest U.S. tropical cyclones, major disaster declarations since 2000 and Sandy recovery facts. With SANDY, by MCT.
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The Mortgage Professor: Borrowers should try to limit risk factors
Why did Jones pay more for her mortgage than Smith? The major risk factors are: _The borrower's credit score is below some critical level, usually 740-760.
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