Real estate

A woman walks in Canary Wharf, during rush hour, in London, Wednesday March 25, 2020. For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. (Victoria Jones/PA via AP)
March 25, 2020 - 12:34 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace: HOUSING: Economists...
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FILE - In this Monday, March 16, 2020, file photo, pedestrian traffic is light along Wall Street in Lower Manhattan in New York. The banking system is not as risk of failing as banks have plenty of capital on hand to handle this crisis due to the new coronavirus, economists say. (AP Photo/Craig Ruttle, File)
March 24, 2020 - 1:44 pm
NEW YORK (AP) — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic crisis caused by the coronavirus outbreak. Banks are scrambling to put into place loan forgiveness and relief programs, working to keep their...
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FILE - This Dec. 5, 2019, photo shows the Detroit skyline. Detroit Charter Commission Vice Chair Nicole Small said the city, with one of the nation’s largest African American-majorities, has been hit particularly hard by foreclosures since the height of the mortgage crisis in 2008. Small said homeowners need relief beyond what’s being offered in the midst of the coronavirus pandemic. (AP Photo/Carlos Osorio, File)
March 20, 2020 - 5:04 pm
NEW YORK (AP) — On the day after the coronavirus outbreak was declared a global pandemic, Joe Ferguson was given a batch of court-ordered evictions to carry out in his job as constable in Tucson, Arizona. He knocked on doors in the majority Hispanic community of South Tucson, told residents to...
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FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, March 12, 2020, U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. (AP Photo/Steve Helber, File)
March 19, 2020 - 10:51 am
WASHINGTON (AP) — U.S. long-term mortgage rates climbed this week in a whip-sawing market amid deepening anxiety over devastation to the economy from the coronavirus pandemic. Home loan rates had hit all-time lows two weeks ago. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. Construction of new homes fell again in February 2020, but not as much as the previous month. Those declines follow a December surge which had pushed home construction to the highest level in 13 years. (AP Photo/Steven Senne, File)
March 18, 2020 - 8:40 am
WASHINGTON (AP) — Construction of new homes fell again in February, but not as much as the previous month. Those declines follow a December surge which had pushed home construction to the highest level in 13 years. Builders started construction on 1.60 million homes at a seasonally adjusted annual...
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Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
March 15, 2020 - 5:44 pm
WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its worry that...
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March 11, 2020 - 2:37 pm
WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors fear that businesses that have...
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In this Monday, Jan. 27, 2020 photo a passer-by, below left, walks toward an entrance to a Home Depot store location, in Boston. Home Depot Inc. reports financial results on Tuesday, Feb. 25. (AP Photo/Steven Senne)
February 25, 2020 - 8:20 am
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer also boosted its quarterly dividend by 10%. Shares rose 3% in premarket trading Tuesday. “Home Depot’s numbers are important as they, perhaps more than those of other...
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FILE - In this Sept. 3, 2019, file photo a for sale sign, left, rests in front of a newly constructed home, in Norwood, Mass. On Wednesday, Feb. 19, 2020, the Commerce Department reports on U.S. home construction in January. (AP Photo/Steven Senne, File)
February 19, 2020 - 8:03 am
WASHINGTON (AP) — Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years. The Commerce Department reported Wednesday that builders started construction on 1.57 million homes at a seasonally adjusted annual...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
Associated Press
February 14, 2020 - 9:59 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
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