$100 million for a home? Luxury buyers reach a new threshold

Billionaires are increasingly willing to pay $100 million for homes that can serve as showcases for their fortunes, according to an analysis issued by Christie's International Real Estate.

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Buffett again defends lending standards at Clayton Homes

OMAHA, Neb. (AP) — Investor Warren Buffett again defended Berkshire Hathaway's manufactured home unit Monday and praised some of his company's biggest investments. Buffett discussed Clayton Homes' lending practices, interest rates, Berkshire's investments and other topics during an interview on CNBC Monday. Over the weekend, he answered questions in front of more than 40,000 people...

Vashon estate may set a price record

Vashon’s Misty Isle Farms for sale again; Dendreon’s stockholders stymied; Starbucks bottles its water in drought-stricken California.

1 in 4 US renters must use half their pay for housing costs

WASHINGTON (AP) — More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That's the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance affordable housing. The number of such households has jumped 26 percent to...

Average US rate on 30-year mortgage rises to 3.68 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week, but remain near historic lows with the spring home-buying season underway and showing strong sales. Mortgage giant Freddie Mac said Thursday that the national average for a 30-year fixed -rate mortgage increased to 3.68 percent from 3.65 percent last week. The average rate...

Pending US home sales increase in March

WASHINGTON (AP) — More Americans signed contracts to buy homes in March, the third straight month of gains as housing heats up with the start of the spring buying season. The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index rose 1.1 percent to 108.6 last month. The index has...

How you can help your kids buy a home

Whether it’s a cash gift or another form of aid, it pays for parents to consider how to best aid their children without placing their own financial well-being at risk.