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Loans Stories

U.S. home resales hit 1-1/2 year low, but may be stabilizing

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an … Continue reading

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Canadian home sales rise in March as spring buoys buyers

By Andrea Hopkins TORONTO (Reuters) – Sales of existing homes in Canada jumped in March from February and prices continued to tick higher as the winter deep freeze ended and home buyers started to come back into the market, the … Continue reading

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BNP Paribas to buy S.African unsecured lender for $253 mln

By Helen Nyambura-Mwaura and Tiisetso Motsoeneng (Reuters) – BNP Paribas, France’s largest bank, has offered to buy South African unsecured lender RCS Group for 2.65 billion rand ($253 million) from clothing retailer Foschini Group and Standard Bank, they said on … Continue reading

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Mortgage applications fell last week as refinance down: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home … Continue reading

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U.S. mortgage applications fell last week: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and … Continue reading

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US home prices dip in Jan. for 3rd straight month

WASHINGTON (AP) — U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates. The Standard Poor’s/Case-Shiller 20-city home … Continue reading

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Analysis: Rising prices, harsh winter may dampen U.S. home sales in spring

By Margaret Chadbourn WASHINGTON (Reuters) – Emily Hanson would like to buy a house, but she worries that she and her husband may have to move across the country to achieve their goal. In December, Emily, a 30-year-old student, and … Continue reading

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Will Warren Buffett’s investment advice work for you?

By Lauren Young New York (Reuters) – In his most recent Berkshire Hathaway shareholder letter, the ever-folksy Warren Buffett sounds more like a personal finance guru than a financial mastermind, focusing on buy-and-hold investing and advocating indexing strategies. Buffett’s net … Continue reading

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Canada house prices rise in January to record high

By Andrea Hopkins TORONTO (Reuters) – Canadian home prices rose to a record high in January as Vancouver prices surged, the Teranet-National Bank Composite House Price Index showed on Wednesday, even as other housing indicators have shown a cooling market. … Continue reading

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Canadian housing starts slow modestly in January

By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts fell more than expected in January, data released on Monday showed, reinforcing the view that the country’s housing market is stabilizing after a recent boom. Starts slowed to 180,248 units last … Continue reading

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