Thousands living in flooded homes in West Africa after torrential rainsFASS MBAO, Senegal — The only piece of furniture that survived the most recent flood in Fat Dione’s house is her bed. It’s propped up on cinderblocks and hovers just above the water lapping at the walls of her bedroom. Want to be Obama’s neighbor? 17-room house next to his in ritzy Chicago neighborhood for saleCHICAGO — If you’ve got the money, you could be President Barack Obama’s neighbor in Chicago. Want to be Obama’s neighbor? House next to his Chicago home in ritzy neighborhood for saleCHICAGO — If you’ve got the money, you could be President Barack Obama’s neighbor in Chicago. Neighbors: Wells Fargo exec. moved into beach home surrendered to bank by Madoff-duped coupleMALIBU, Calif. — A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said. Federal Reserve survey shows worst recession since 1930s may be overWASHINGTON — The recession is ending and the economy is finally growing again. That’s the message implicit in the Federal Reserve’s latest survey of businesses around the country, which found economic activity stabilizing or improving in most regions. Israel seeks bids to build 486 apartments in east Jerusalem over US objectionsJERUSALEM — Israel is pushing ahead a long-delayed plan to build hundreds of apartments in disputed east Jerusalem, staking claims to land the Palestinians claim for a future state and complicating already tense relations with the U.S., which has demanded a construction freeze. After housing meltdown, buyers hold the power _ and old-fashioned rules returnThe American dream of homeownership is still attainable. Buyers just have to deal with a new set of realities. Dallas suburb to pay $175,000 for house where Oswald stored gun used in Kennedy assassinationIRVING, Texas — A Dallas suburb has agreed to pay $175,000 for the house where Lee Harvey Oswald stored the rifle used to assassinate President John F. Kennedy. Astronauts stuff space station trash, surplus gear into moving van for this week’s ride homeCAPE CANAVERAL, Fla. — The astronauts aboard the linked space shuttle and space station are nearly finished packing up a moving van for return to Earth in a few days. July construction spending falls 0.2 pct on weakness in commercial and government projectsWASHINGTON — Construction spending edged down in July as weakness in nonresidential building and government projects offset the best showing for home building in 10 months. Stocks begin September higher after data shows manufacturing industry grew in AugustNEW YORK — News that the manufacturing industry has grown for the first time in 18 months is giving the stock market a modest advance. Pending US home sales rise for sixth straight month in July to highest level since June 2007WASHINGTON — A gauge of future U.S. home sales rose more than expected in July to the highest level in over two years as first-time buyers rushed to take advantage of a tax credit that expires this fall. LA housing agency plans revival for Watts community notorious for deadly 1960s riotsLOS ANGELES — Juanita Sims has lived in the notorious Jordan Downs project in Watts for nearly four decades, raising eight children behind the barred windows of the cramped barracks-like apartments. Economy’s small drop in 2Q hints recession ending, but strength of recovery remains a concernWASHINGTON — Further evidence the recession is ending came in a report Thursday confirming that the economy shrank at an annual rate of just 1 percent in the spring. Freddie Mac: Rates on 30-year fixed mortgages edge up, still near spring’s all-time lowsWASHINGTON — Rates for 30-year home loans edged up this week, but remain close to record lows reached over the spring. China completes renovation of Tibet’s Potala Palace, once home to the Dalai LamasBEIJING — China has completed a seven-year renovation of Tibet’s Potala Palace — home to the Dalai Lamas until the region’s current spiritual leader fled during an aborted uprising against Communist rule 50 years ago. Shares of homebuilders rise as July home sales surge, Bernanke says economy near recoveryNEW YORK — Shares of homebuilders climbed Friday after the National Association of Realtors said homes sales surged in July, while Federal Reserve Chairman Ben Bernanke said the U.S. economy is on the cusp of a recovery. Stocks surge after Bernanke declares economy on verge of recovery, home sales jumpNEW YORK — Federal Reserve Chairman Ben Bernanke said what investors wanted to hear, that the economy is indeed on the verge of recovery, and they responded with a rally that sent the major indexes to new highs for the year. Home resales soar 7.2 percent in July; largest monthly increase in 10 yearsWASHINGTON — The U.S. housing market is rebounding faster than expected. Construction of US homes rises in July, giving the economy a boostWASHINGTON — At least the market for new homes isn’t getting worse anymore, and that’s the first step to getting better. Real estate tracking firm says Southern California median home price ticks up in JulyLOS ANGELES — The median home price in Southern California increased about 1 percent in July from June, marking a third consecutive month-to-month gain, a tracking firm said Tuesday. Construction of US homes rises in July, but apartment building drops 13 percentWASHINGTON — Construction of new single-family homes rose for the fifth-straight month in July as more buyers walked into model homes ready to sign contracts, the Commerce Department said Tuesday. Home improvement stocks slip after Lowe’s posts lower 2Q profit, scales back expansionNEW YORK — Shares of home improvement stocks declined on Monday after Lowe’s Cos. posted a 19 percent lower second-quarter profit and said it will curtail expansion plans. Morocco home of late fashion designer Yves Saint Laurent up for saleLOS ANGELES — The Tangier, Morocco, cliffside home of the late fashion designer Yves Saint Laurent is up for sale. Realtors group says home sales increase from 1st quarter to 2nd, sign of stabilizationWASHINGTON — U.S. home sales grew in the second quarter in 39 states, another sign that the ailing housing market is finally coming to life. House leaders drop their plans to buy fancy passenger jets for senior government officialsWASHINGTON — House Democratic leaders said Monday that they will not force the Pentagon to buy four new passenger jets used to ferry senior government officials. Error threatened hundreds of NYC public housing residents with evictionNEW YORK — Hundreds of families have been threatened with eviction due to a rent-calculation error at the New York City Housing Authority. Average rates on 30-year mortgages dip after rising for 2 straight weeksMcLEAN, Va. — Rates on 30-year mortgages dipped this week after economic reports came in better than expected, Freddie Mac said Thursday. Saving souls and homes: LA priest labors to keep his flock out of foreclosureLOS ANGELES — A priest’s typical mission is saving souls, but the Rev. John Lasseigne has a more down-to-earth goal — saving homes. AP IMPACT: Mortgage middlemen to profit from gov’t housing bailout despite checkered pastWASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found. |
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