Apartment rents are rising more slowly — but still rising

The good news: Fewer landlords are planning rent hikes than last year. The bad news: Despite the ongoing eruption of apartment buildings across the region, rents are still increasing.

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Average US rate on 30-year mortgage edges up to 3.67 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained close to historically low levels with the spring home-buying season underway. Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-rate mortgage edged up to 3.67 percent from 3.66 percent last week. The average rate for a 15-year...

US home construction off to weak March start

WASHINGTON (AP) — U.S. homebuilders opened the spring buying season in March at a slower pace than last year, a warning that recent hiring gains have failed to translate into a stronger real estate market. Construction firms broke ground at a seasonally adjusted annual rate of 926,000 homes last month, a 2.5 percent decline from...

Deduction really isn’t a tax benefit

Most people don’t need to worry about proposals in Congress that would offer lower tax rates and a big increase in the standard deduction in exchange for drastic cutbacks in special-interest deductions and credits, including benefits enjoyed by homeowners.