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Click here to visit the new home of Politics Daily!The housing bubble in America popped awhile back, but now a French company wants people to actually live in bubbles. Actually, they're officially called BubbleTrees and they are prefabricated, transparent, globe-shaped tents that look like those bounce houses at kiddie birthday parties. However, the Shine website makes a point that these round, see-through homes are designed for more wealthy adults, and come with portable sofas, beds and even wood floors. ...
(July 15) -- More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. ...
Sales of new homes jumped nearly 15 percent in April as aggressive buyers hurried to take advantage of a first-time-purchaser federal tax credit that expired April 30. The Census Bureau said new one-family homes sold at an adjusted annual rate of just over half a million last month, 14.8 percent higher than March's 439,000, which was also an increase from the previous month. The average sales price of the new homes going off the market in April was $249,000. The early spring sales increases could be followed by a slump in May "in the aftermath of the tax credit program," Wells Fargo ...
New home construction rose significantly last month, increasing 40.9 percent from April 2009, CNN Money reports. According to seasonally adjusted numbers from the Commerce Department, housing starts increased to an annual rate of 672,000 homes in April -- nearly 20,000 more than economists had predicted. Construction of single-family homes, a key sector of the housing market, rose 10.2 percent over the month to an annual rate of 593,000. Economists said the upswing was likely a response to a tax credit for first-time home buyers that expired April 30. Congress had extended the $8,000 credit ...
Home sales made an unexpected 10.1 percent jump in October, taking the annual rate up to 6.1 million homes from 5.54 million in September, the Wall Street Journal reports. The rise continues a gradual upward trend in sales of existing homes fueled by a generous tax incentive that Congress recently extended to April 2010. Regionally, sales in October, compared to the previous month, rose 11.6 percent in the Northeast, 14.4 percent in the Midwest, 12.7 percent in the South and 1.6 percent in the West. ...
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