Common sense suggests that as home prices decline, the property taxes based on their valuations ought to as well. But property taxes nationally are clicking higher. Why is this occurring? Several factors are at work — and they…
U.S. mortgage rates have grown for five straight weeks, in the last week hitting their highest levels in seven months. Ten-year Treasury note yields have been climbing on inflation concerns, driving the higher rates.
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The humbled housing sector took a modest step forward last month as starts rose a better-than-predicted 3.9% to a 530,000-unit annual rate. Still, at the current pace, the nation is 18 to 24 months from seeing normal levels of …
Bank of America (BAC) said talks will continue with bondholders who are demanding it buy back securities backed by billions of dollars of bad mortgages.
Bank of America has been in talks with investors including Pacific Investment Management Co (Pimc…
Real estate investment trust HCP (HCP) agreed to buy $6.1 billion of real estate assets from HCR ManorCare Inc.
HCP said it will acquire 338 post-acute skilled nursing and assisted living facilities in 30 states, with the highest concentrations in Ohi…