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Real estate

FILE - In this June 13, 2019, file photo stacks of building materials are stacked up near new home under construction in Mechanicsville, Va. On Friday, Aug. 23, the Commerce Department reports on sales of new homes in July. (AP Photo/Steve Helber, File)
August 23, 2019 - 10:46 am

US new home sales slid 12.8% in July

WASHINGTON (AP) — Sales of new U.S. homes fell a steep 12.8% in July as higher prices and limited inventory sidelined would-be buyers. The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 635,000 units. That's down from a sharply revised upward rate of 728...
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FILE - In this June 13, 2019, file photo stacks of building materials are stacked up near new home under construction in Mechanicsville, Va. On Friday, Aug. 23, the Commerce Department reports on sales of new homes in July. (AP Photo/Steve Helber, File)
August 23, 2019 - 10:32 am

US new home sales slid 12.8% in July

WASHINGTON (AP) — Sales of new U.S. homes fell a steep 12.8% in July as higher prices and limited inventory sidelined would-be buyers. The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 635,000 units. That's down from a sharply revised upward rate of 728...
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FILE - In this June 13, 2019, file photo stacks of building materials are stacked up near new home under construction in Mechanicsville, Va. On Friday, Aug. 23, the Commerce Department reports on sales of new homes in July. (AP Photo/Steve Helber, File)
August 23, 2019 - 10:04 am

US new home sales slid 12.8% in July

WASHINGTON (AP) — Sales of new U.S. homes fell a sharp 12.8% in July as higher prices and limited inventory sidelined would-be buyers. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 635,000 units, down from a revised June rate of 728,000. So far this year,...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 5:14 pm

US stock indexes end mixed ahead of Fed chairman speech

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 4:52 pm

US stock indexes end mixed ahead of Fed chairman speech

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 3:48 pm

US stocks mixed ahead of Fed chairman's speech

Major stock indexes on Wall Street wavered between small gains and losses Thursday afternoon as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Gains by banks, consumer goods makers, industrial companies and other stocks were offset by losses in...
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In this Aug. 16, 2019, photo a for sale signs beckon buyers to homes along Park Avenue in Richmond, Va. On Thursday, Aug. 22, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steve Helber)
August 22, 2019 - 1:30 pm

Long-term mortgage rates near historic lows: 30-year 3.55%

WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan falling this week to its lowest level since November 2016. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan slipped to 3.55% this week...
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Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 21, 2019. Stocks are rising broadly in early trading on Wall Street as investors applauded encouraging quarterly results from major retailers. (AP Photo/Richard Drew)
August 21, 2019 - 3:37 pm

Solid earnings from major US retailers drive stocks higher

Strong earnings reports from several big retailers helped drive stocks broadly higher on Wall Street Wednesday, placing the market on track to recover most of its losses from the day before. Target and Lowe's surged, leading a rally in retail stocks, as the market bounced back from its first loss...
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Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 21, 2019. Stocks are rising broadly in early trading on Wall Street as investors applauded encouraging quarterly results from major retailers. (AP Photo/Richard Drew)
August 21, 2019 - 2:22 pm

Solid earnings from major US retailers drive stocks higher

U.S. stocks marched broadly higher in afternoon trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Traders had a muted reaction to the afternoon release of notes from the Federal Reserve's policymaking meeting last month. Target and Lowe's surged...
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Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 21, 2019. Stocks are rising broadly in early trading on Wall Street as investors applauded encouraging quarterly results from major retailers. (AP Photo/Richard Drew)
August 21, 2019 - 1:40 pm

Solid earnings from major US retailers drive stocks higher

U.S. stocks marched broadly higher in afternoon trading Wednesday as investors welcomed a batch of strong earnings reports from several big retailers. Target and Lowe's surged, leading a rally in retail stocks, as the market bounced back from its first loss in four days. Technology companies...
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