News

Real estate is recovering: BMO Capital Markets

Even though there's been a drop in U.S. housing prices, the real estate market is still recovering, according to BMO Capital Markets Economics, a financial services company.

U.S. median wealth affected by housing prices

The average family wealth in the U.S. dropped 38 percent from 2007 to 2010 due to a decline in housing prices, according to a new Federal Reserve report.

U.S. housing permits up in May

U.S. housing starts dropped in May although permits to build new homes rose to the highest in well over three years.