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LOS ANGELES - The CEOs of some of the nation's biggest homebuilding companies said Thursday that they feel the housing market has stabilized.
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WASHINGTON - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year.
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WASHINGTON - The number of people seeking unemployment benefits fell last week to a level that signaled a steadily improving job market.
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The year as a whole, however, was down 2% from 2010.
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The state’s economy remains weak, but home buyers aren’t as scarce as they were a year ago.
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As foreclosures heat up again, prices in hard-hit cities such as Atlanta and Chicago are taking a hit.
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Median asking rent prices spiked at the end of 2011 to a median of more than $700 a month, Census figures show.
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Based on analysis of housing, economic, and demographic data for metro areas nationwide, these markets are showing signs of strength in several key metrics.
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Jan. 31--After holding steady during most of 2011, single-family house prices in the city fell 2.4 percent in the fourth quarter, an analysis by economist Kevin Gillen shows.
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An extension of the builder’s California initiative, the Fisher Plantation neighborhood will be KB’s first foray into solar-standard communities on the East Coast.
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Jan. 29--Around Tampa Bay, zombies show signs of life.
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WASHINGTON - The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011.
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The year closed on a low note with sales reporting a 2.2% decline in December.
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WASHINGTON - The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.
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About one in every 12 New Jersey home sales in the third quarter of 2011 involved foreclosed properties -- a steep drop from the previous year, according to RealtyTrac, a California company that follows the foreclosure market.
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After a strong showing in previous months, contract signings were down 3.5%.
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The oil-rich West South Central division outperformed the rest of the country on both a monthly and yearly basis.
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Jan. 24--BOSTON -- Home sales in Massachusetts in 2011 hit their lowest levels since 1990, despite low interest rates and "soft" median sales prices that dropped 3 percent last year, real estate market analysts reported Tuesday.
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NEW YORK - If Chairman Ben Bernanke decides the economy needs more help from the Federal Reserve this year, he probably won't face as much resistance as he did last year.
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Jan. 24--Pittsburgh-area homebuyers have paid steadily higher prices for their slice of the American dream over the past decade, while the overall number of home sales continues to decline in the region.