• US company outlooks worry investors, sending stocks lower

    Updated: 2 hr ago

    U.S. stocks slumped Tuesday after some of the market's largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year. The companies that rattled the market included Microsoft, Caterpillar and Procter & Gamble. Some also forecast weaker results in months ahead. An unexpected drop in U.S. orders of long-lasting goods also weighed on investors, briefly dragging the Dow Jones industrial average down 390 points early in the day before it pared back some of the losses. It was the biggest one-day decline for the blue-chip index since Jan. 5. The downbeat company report cards raise concerns about corporate America's ability to grow profits at a time when many inves

  • US new home sales jump 11.6 percent in December

    Updated: 8 hr ago

    WASHINGTON (AP) — Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said Tuesday that new home sales climbed 11.6 percent last month to a seasonally adjusted annual rate of 481,000. The gains were not enough to offset essentially flat home-buying over the course of 2014. Just 435,000 new homes were bought last year, a modest 1.2 percent improvement from 2013. The growth in December pointed to rising sales in 2015, buoyed by the combination of strong hiring in recent months and drastically lower mortgage rates. Home values are also rising at a slower pace, improving affordability for would-be buyers.

  • US home price gains slow in November on weaker sales

    Updated: 8 hr ago

    WASHINGTON (AP) — U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 4.3 percent in November from 12 months earlier. That's down slightly from a 4.5 percent pace in October. Home price gains have decelerated for 12 straight months. The slowdown in price increases should help boost sales this year. Home values rose at a double-digit pace in early 2014, making many homes unaffordable. Sales of existing homes fell 3.1 percent to 4.93 million last year. First-time buyers in particular were priced out of many neighborhoods and accounted for a historically low proportion of s

  • US new home sales surge 11.6 percent in December; gains bode well for 2015

    Updated: 8 hr ago

    WASHINGTON (AP) — US new home sales surge 11.6 percent in December; gains bode well for 2015.

  • Future of First National Tower in Oklahoma City clouded by legal action

    By Steve Lackmeyer, Business Writer | Updated: 19 hr ago

    The latest lawsuit is from the company that provides heat and cooling to the historic Oklahoma City building, claiming it is owed more than $774,000 in past-due payments and interest.

  • Oklahoma City councilman seeks appeal of decision to raze Union Bus Station

    By Steve Lackmeyer, Business Writer | Updated: 20 hr ago

    Demolition of the building was approved by the Downtown Design Review Committee to make way for a parking garage.

  • Price Edwards reports that oil price slide unnerves some in Oklahoma City retail

    BY RICHARD MIZE, Real Estate Editor | Updated: Sat, Jan 24, 2015

    Slashed oil prices hitting employment call retail expansion into question, Oklahoma City’s Price Edwards & Co. says in year-end report.

  • Oklahoma real estate briefs

    Published: Sat, Jan 24, 2015

    Oklahoma real estate briefs, Jan. 24, 2015

  • At Home with Marni Jameson: Hospital takes healthy cues from home design

    By Marni Jameson | Published: Sat, Jan 24, 2015

    The architects’ objective was “to create a home for 245 patients,” according to the press materials handed to those of us previewing a new hospital tower, a $300 million structure at Orlando Regional Medical Center.

  • Real deals real estate transactions for Jan. 24

    Published: Sat, Jan 24, 2015

    Real deals real estate transactions for Jan. 24, 2015

  • Oklahoma County land sales

    Published: Sat, Jan 24, 2015

    Recent major sales in Oklahoma County totaled more than $117 million, according to deeds released from County Clerk Carolynn Caudill's Office. Major sales are those of $200,000 or more.

  • Retail realty sales in Oklahoma City at post-recession high in 2014

    BY RICHARD MIZE, Real Estate Editor | Published: Sat, Jan 24, 2015

    Property transactions, at zero sales for zero dollars in 2009, shake off recession

  • US home sales rise in December

    Updated: Fri, Jan 23, 2015

    WASHINGTON (AP) — More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million. But over the course of the entire year, sales fell 3.1 percent to 4.93 million. Only 29 percent of sales went to first-time buyers last month, compared to a historic average of 40 percent. Prospective buyers were priced out of the market due to rising home values and relatively stagnant incomes. Still, affordability has improved in recent months as mortgage rates have plunged, leading to the possibility of stronger sales in 2015

  • US home sales increase 2.4 pct. in December; fewer first-time buyers hurt overall 2014 sales

    Updated: Fri, Jan 23, 2015

    WASHINGTON (AP) — US home sales increase 2.4 pct. in December; fewer first-time buyers hurt overall 2014 sales.

  • Monthly US rents keep climbing, especially in San Francisco

    Updated: Thu, Jan 22, 2015

    WASHINGTON (AP) — U.S. home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that apartment dwellers are facing more financial pressure. Prices rose 3.3 percent in December compared with 12 months earlier, real estate data firm Zillow said Friday. Although that increase is less than the recent appreciation in home values, a surge in apartment costs in several of the hottest markets indicates that renters who aspire to buy homes face mounting financial challenges. The share of Americans who own their homes has slipped to 64.4 percent from a peak of 69.2 percent in 2004, the result of the housing market crash that triggered the Great

  • New images show glimpse of Chisholm Creek development

    By Brianna Bailey, Business Writer | Updated: Thu, Jan 22, 2015

    Medallion Group releases drawings for a multilevel building set to include shops and restaurants in the Chisholm Creek development near Memorial and Western.

  • US average rate on 30-year home loan 3.63 percent

    Updated: Thu, Jan 22, 2015

    Average U.S. long-term mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013.

  • Wells Fargo, JPMorgan settle mortgage kickbacks probe

    Updated: Thu, Jan 22, 2015

    WASHINGTON (AP) — Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. The Consumer Financial Protection Bureau said Thursday that JPMorgan and Wells Fargo each agreed to consent orders filed in federal court to settle the claims. Wells Fargo has agreed to pay $24 million in civil penalties and $10.8 million to consumers affected by the scheme. JPMorgan is to pay $600,000 in penalties and about $300,000 in redress.

  • Oklahoma City church agrees to delay move until Tower Theater re-developers obtain needed liquor license

    By Steve Lackmeyer, Business Writer | Updated: Thu, Jan 22, 2015

    Demolition work at former theater reveals artifacts.

  • Average rate on 30-year mortgage falls to 3.63 pct.

    Updated: Thu, Jan 22, 2015

    WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage declined to 3.63 percent this week from 3.66 percent this week last week. The rate for the 15-year loan slipped to 2.93 percent from 2.98 percent last week. A year ago, the average 30-year mortgage stood at 4.39 percent and the 15-year mortgage at 3.44 percent.




Advertisement