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Construction spending fell for a third straight month, pulled down by a slump in private nonresidential spending and weak public construction, a government report showed.
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The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.
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Professional success often requires some degree of sacrifice. Surprisingly, one of those sacrifices might include moving to the outskirts of some big cities.

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It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market’s recovery.
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Why are the mansions of one of America’s richest women sitting vacant? Click to follow this photo narrative of the reclusive Huguette Clark and her father, William Andrews Clark, the “Paris millionaire senator.” Where is Huguette Clark? And what will become of her fortune?

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Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.
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Sales of previously occupied homes took a large drop for the second straight month in January. It was another sign the housing market’s recovery is faltering.

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Families in the market for a house are shopping at the right time: Nationally, homes are near the most affordable they’ve been in 18 years.

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Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels.

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Professional success often requires some degree of sacrifice. Surprisingly, one of those sacrifices might include moving to the outskirts of some big cities.

Forbes – Business – United States – Business and Economy – Business Services
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