Target’s hasty exit from Canada angers mall owners

Target’s closure of its 133 Canadian stories has left gaping holes at some of the most prominent shopping centers across the country, the biggest symbol of an exceptional period of retailing turmoil.

More Headlines

Seattle City Council approves new, larger business improvement area for University District

The Seattle City Council on Monday approved a plan to collect more money for street-cleaning and marketing from property owners across a larger stretch of the University District. The vote was 6-2. Council President Burgess voted for the new, larger business improvement area (BIA), along with Councilmembers Bruce Harrell, Jean Godden, Tom Rasmussen, Sally Bagshaw...

DOJ sues Quicken Loans over mortgage defaults

The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn’t meet federal standards, leaving the government stuck with the bill when borrowers defaulted.

Average US rate on 30-year mortgage slips to 3.65 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates are down slightly this week and remain near historic lows. Mortgage giant Freddie Mac says the national average for a 30-year fixed -rate mortgage slipped to 3.65 percent from 3.67 percent last week. The average rate for a 15-year mortgage, popular with homeowners who refinance, slid to...

US new-home sales collapse in March

WASHINGTON (AP) — Sales of new U.S. homes plummeted in March, as the spring buying season opened with sharp declines in the Northeast and South. The Commerce Department said Thursday that new-home sales fell 11.4 percent last month to a seasonally adjusted annual rate of 481,000. This marks a swift reversal from an annual sales...

US home sales bounced back in March, but can the gain last?

WASHINGTON (AP) — U.S. home sales bloomed in March after a brutal winter, a sign of possible newfound momentum for housing. Sales of existing homes jumped 6.1 percent last month to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. The gains were solid enough to suggest that housing...

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...